CA CPT Jun 2017 Question Paper Fundamentals of Accounting for online practice

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Question : 49 of 60

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When shares are forfeited, the share capital A/c is debited with _________ and the shareforfeiture A/c is credited with___________

Paid-up capital of shares Forfeited ;
called up capital of shares forfeited
Called up capital of shares Forfeited;
calls in arrear of shares forfeited
Called up capital of shares Forfeited;
Amount received on shares forfeited
Calls in arrears of shares Forfeited;
Amount received on shares forfeited

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