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Accountancy · 2023 · 1 mark
CBSE 2023 · Region 3 · Set 3 · Q13
Jeevan Ltd. forfeited $\displaystyle 50$ shares of ₹ $\displaystyle 100$ each on which allotment money of ₹ $\displaystyle 30$ per share (including premium of ₹ $\displaystyle 10$ per share) and first call of ₹ $\displaystyle 30$ per share was not received. The second and final call of ₹ $\displaystyle 20$ per share was not yet made. The amount credited to 'Share Forfeiture Account' on forfeiture of these shares will be :
Official answer
From CBSE’s own marking scheme for this paper.
(D)
₹ $\displaystyle 1,500$
Marking-scheme solution
(d)
$\displaystyle 1,500$
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CBSE Class 12 Accountancy past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.