Target Exam

CUET

Subject

Accountancy Part A

Chapter

Accounting for Shares

Question:

A company forfeited 5,000 shares of Rs. 10 each for non-payment of final call of Rs. 4 per share. Share Forfeiture A/c will be credited with the amount :

Options:

Rs. 25,000

Rs. 30,000

Rs. 45,000

Rs. 50,000

Correct Answer:

Rs. 30,000

Explanation:

The correct answer is Option (2) → 

Rs. 30,000