if the face vaule of share is Rs10 & company has issued it at Rs10 then it is said that fill in the blanks
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Answer:
Zero
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Answer:
hey mate your answer
Explanation:
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.
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