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Question

In case of forfeiture of shares, not received part of the share capital is linked with ____________________



A

Share Forfeiture A/c

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B

Calls in Arrear A/c

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C

Share Capital A/c

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D

Bank A/c

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Solution

The correct option is B

Calls in Arrear A/c


In case of forfeiture of shares, not received part of the share capital is linked with calls in arrears account.


Accountancy

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