Practicing Success
Practicing Success
CUET Preparation Today
| At the time of forfeiture of shares the Share Capital account is................by the company. |
Debited with called-up value Debited with paid up value Credited with paid up value Credited with called up value |
| Debited with called-up value |
| When shares are forfeited, the company debits the Share Capital account with the called-up value of the forfeited shares. This reflects the reduction in the company's issued capital as a result of the forfeiture. |
