Which of the following are related to fo

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Target Exam

CUET

Subject

Accountancy Part A

Chapter

Accounting for Shares

Question:

Which of the following are related to forfeiture of shares issued on premium :

(A) Share capital is debited with called up amount

(B) Calls in Advance is credited

(D) Premium received on such Shares is debited, if it is received

Choose the correct answer from the options given below:

Options:

(A) and (D) only

(A) and (C) only

(A), (C) and (D) only

(A), (B) and (D) only

Correct Answer:

(A) and (C) only

Explanation:

The correct answer is Option (2) →

(A) and (C) only