When shares are forfeited, the Share Capital Account is debited with:
A. Nominal value of Shares
B. Market value of Shares
C. Called-up value of Shares
D. Paid-up value of Shares
Answer:C
When shares are forfeited, the Share Capital Account is debited with:
A. Nominal value of Shares B. Market value of Shares C. Called-up value of Shares D. Paid-up value of Shares