amount is shown for forfeited shares in the financial statement.

Face value

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Called-up

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Paid-up

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Issued

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Solution

The correct option is C Paid-up
Forfeiture may occur if a shareholder fails to pay an allotment and call money. Only the amount paid by the shareholder can be forfeited. So paid up amount is shown for forfeited shares in the financial statement.

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Similar questions

What amount is shown for forfeited shares in the financial statement?

Amount of forfeited shares is shown by ________ to subscribed capital.

A company forfeited shares of Rs. 100 each. Rs. 35 has been paid by the shareholder Rs. 65 is the unpaid amount. Now on reissue of such shares at discount, how much could be the maximum discount?

Q. On 1st May,2014, Directors of a Limited Company forfeited 200 shares of ₹ 20 each , ₹ 15 per share called-up, on which ₹ 10 per share has been paid by A , the amount of the first call of ₹ 5 per share being unpaid . Ten days Later, the Directors reissued the forfeited shares to B credited as ₹ 15 per share paid-up , for a payment of ₹ 10 per share.
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amount is shown for forfeited shares in the financial statement.

The correct option is C Paid-up Forfeiture may occur if a shareholder fails to pay an allotment and call money. Only the amount paid by the shareholder can be forfeited. So paid up amount is shown for forfeited shares in the financial statement.

The correct option is C Paid-up
Forfeiture may occur if a shareholder fails to pay an allotment and call money. Only the amount paid by the shareholder can be forfeited. So paid up amount is shown for forfeited shares in the financial statement.