CA CPT Model Test Paper 10 with solutions for online practice

© examsiri.com

Question : 41 of 200

Marks: +1, -0

Jain & Co. forfeited 50 shares of Rs. 10 each. Rs.8 called up on which application money of Rs. 5 per share was paid. The entry for forfeiture is

Share Capital A/c Dr. 400
To Securities premium A/c 150
To share allotment A/c 250
Share Capital A/c Dr. 400
To Share forfeiture 250
To Share allotment A/c 150
Share Capital A/c Dr. 500
To Share forfeiture A/c 250
To Share allotment A/c 250
None of the above.

Go to Question:

Prev Question

Next Question