Question

if a share of 10rs on which 8rs has been called and 6rs is paid is forfeited the capital acc should be debited with example 6rs,2rs,10rs 8rs​

Answer 1

Shares are issued at a face value against which a certain amount is called up. The called up amount is credited to share capital account.

Once the shares are forfeited, a reversal entry need to be passed in books of account by debiting the share capital account by the amount of called up amount.