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AS
Question Practice

What journal entry is required to record the forfeiture of shares?

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

What journal entry is required...

Single Answer MCQ
Q-00082468

What journal entry is required to record the forfeiture of shares?

1

Debit Share Capital, Credit Share Forfeiture

2

Debit Share Forfeiture, Credit Share Capital

3

Debit Capital Reserve, Credit Share Forfeiture

4

Debit Share Forfeiture, Credit Cash

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