If a share of ₹10 issued at a premium of ₹3 on which the full amount has been called and ₹8 (including premium) paid is forfeited the capital account should be debited with:

🎲 Try a Random Question  |  Total Questions in Quiz: 117  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
MCQs for Issue of Shares — practice the complete quiz, review flashcards, or try a random question.


If a share of ₹10 issued at a premium of ₹3 on which the full amount has been called and ₹8 (including premium) paid is forfeited the capital account should be debited with: