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AS
Question Practice

After forfeiting shares, if a company issues a new call for the unpaid shares, what happens?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - II
Accounting for Share Capital
Question Bank

After forfeiting shares, if a ...

Single Answer MCQ
Q-00082474

After forfeiting shares, if a company issues a new call for the unpaid shares, what happens?

1

It replaces the forfeited shares

2

It leads to reissue

3

The shareholders are penalized

4

No effect on recorded shares

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What are the features of a company according to the chapter Accounting for Share Capital?

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Q4.

Which of the following is true about the liability of shareholders in a company limited by shares?

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