Accountancy, asked by kukku2216, 25 days ago

When shares are forfeited, the Share Capital Account is debited with _ and the Share Forfeiture Account is credited with __. *

Answers

Answered by akshaypadhiyar763

Answer:when shares are forefeited then share capital account is debited with called up amount on forefeited shares and share forefeiture account is credited with amount received on forefeited shares

Explanation:

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When shares are forfeited, the Share Capital Account is debited with ___________ and the Share Forfeiture Account is credited with ____________. *

Answers

When shares are forfeited, the Share Capital Account is debited with _ and the Share Forfeiture Account is credited with __. *