In case of forfeiture of shares, received part of the share capital is linked with account.

share forfeiture

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calls in arrears

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share capital

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bank

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Solution

The correct option is A share forfeiture
In case of forfeiture of shares, received part of the share capital is linked with share forfeiture account as the amount received is gain on forfeiture

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Similar questions

In case of forfeiture of shares, received part of the share capital is linked with _______________.

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

In case of forfeiture, we debit share capital account by which amount?

\begin{matrix} Date & Particulars & L.F. & Debit (₹) & Credit (₹) Share Capital A/c Dr. & (i) - - - Securities Premium A/c Dr. & 4,000 To Share Forfeiture A/c & 8,000 To Calls in Arrears A/c & 14,000 ( _____ shares forfeited for non-payment of ₹ _(ii)___ including premium of ₹2 per share) - ----------------------------------------------------------------------------------------------------------------- - Bank A/c Dr. & (iii) - -- - Shares Forfeiture A/c Dr. & (iv) - -- - To Share Capital A/c & (v) - -- - ( _______ shares reissued at ₹9 per share, fully paid at ₹10 per share) - ------------------------------------------------------------------------------------------ - Share Forfeiture A/c Dr. & 1,400 To Capital Reserve A/c & 1,400 (Net gain on reissued shares transferred to capital reserve) \end{matrix}

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