Question

Q8. If ashare of ₹ 10 on which ₹8has
been called and 36 is paid is
forfeited the Capital Account should
be debited with:ने विमे ₹10 टीवीभउरे
भल डे₹8 जासउ वीडे ताप्टे 3 6 रा राउत
ਕੀਤਾ ਗਿਆ ਤਾਂ ਅੰਸ਼ ਨੂੰ ਜਬਤ ਕਰਨ ਤੇ ਪੂੰਜੀ ਖਾਤੇ
हिच डैघिट तामी :यदि किसी रुपए 10 की कीमत
के शेयर पर रुपए 8 मंगवाए गए और रुपए 6 का
भुगतान हुआ और शेयर को जब्त करने पर पूंजी
खाते में डेबिट राशि:*​

Answer 1

Answer:

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.