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AS
Question Practice

Which of the following statements regarding share forfeiture is TRUE?

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

Which of the following stateme...

Single Answer MCQ
Q-00082478

Which of the following statements regarding share forfeiture is TRUE?

1

Forfeiting shares can only happen after a call is made.

2

All shareholders must approve forfeiture.

3

Forfeited shares can never be reissued.

4

All forfeited shares must be liquidated.

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