Question :

If a share of Rs. 10 issued at a premium of Rs. 2 on which the full amount has been called and  Rs. 8 (including premium) paid is forfeited, the Share Capital Account will be debited with

Option 1: Rs. 12

Option 2: Rs.10

Option 3: Rs. 8

Option 4: Rs. 6

Question :

On a share of  Rs. 20 issued at a premium of  Rs. 4 on which  Rs. 16 (including premium) is called-up and  Rs. 10 (including premium) paid is forfeited, the Share Capital Account will be debited by ____________.

Option 1: Rs.20

Option 2: Rs.12

Option 3: Rs.10

Option 4: *16

Question :

On a share of  Rs. 20 issued at a premium of  Rs. 4 on which  Rs. 16 (including premium) is called-up and  Rs. 10 (including premium) paid is forfeited, the Share Capital Account will be debited by ____________.

Option 1: Rs.20

Option 2: Rs.12

Option 3: Rs.10

Option 4: *16

Question : If a share of Rs.20 issued at a premium of Rs.2 on which the total amount of issue price has been called and Rs.18 (including premium) paid is forfeited, Share Capital Account will be debited by:

Option 1: Rs.22

Option 2: Rs.20

Option 3: Rs.18

Option 4: Rs.16

Question :

 When shares are forfeited, Share Capital Account is debited with

Option 1: Nominal (face) value of shares

Option 2:

Called-up share capital

Option 3: Paid-up value of shares

Option 4: Market value of shares