If a share of ₹100 on which ₹80 was called up and ₹70 paid up was forfeited. State the amount with which share capital account will be debited:

₹80

The correct answer is Option (2) → ₹80.

The share was forfeited, and the amount with which the share capital account will be debited is based on the amount that was originally called up but not fully paid.

• The share's nominal value is ₹100.
• ₹80 was called up.
• ₹70 was paid up, leaving ₹10 unpaid (i.e., ₹80 - ₹70 = ₹10).

When the share is forfeited, the amount called up on the share (₹80) is considered, not just the paid-up amount. The capital account will be debited by the called-up amount (₹80) as the company loses that amount.

Thus, the amount with which the share capital account will be debited is ₹80.