Which of the following is the correct st

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Shares

Question:

Which of the following is the correct statement in respect of Forfeited Shares: -

Options:

These shares can only be re-issued at a premium.

These shares can only be re-issued at par.

These shares can only be re-issued at a discount.

These shares can either be cancelled or can be re-issued.

Correct Answer:

These shares can either be cancelled or can be re-issued.

Explanation:

The correct answer is Option (4) → These shares can either be cancelled or can be re-issued.