Practicing Success
Practicing Success
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| At the time of forfeiture, Share Capital Account is debited with which value? |
Nominal Value Called Up Value Paid Up Value None of the above |
| Called Up Value |
| Forfeiture of shares is the cancellation of the shares of those shareholders who haven't paid the required value. When share forfeiture account is debited the called up value is considered because the company cancel only that amount which is demanded by them not that value which has't been demanded yet. |
