alleryStart learning →For forfeited shares, the amount shown is the amount
AOf calls in arrears
BOf market value
COf the face value
DOriginally paid-up
Answer & Solution
Correct answer: D. Originally paid-up
Forfeited shares are recorded at the amount that was originally paid up on them.
Keep practising Schedule III Division I Financial Statements
Browse all Schedule III Division I Financial Statements questions for CA Inter, or explore more Accounting topics.
Related questions
Subsidiaries not consolidated must be listed along withTransactions unrecorded in books but surrendered as income in tax assessments are shown asExport earnings in foreign exchange are disclosed on which basis?Imports must be disclosed on which valuation basis?A trading company discloses, under broad heads, itsA manufacturing company reports raw materials underDisclosure of CSR expenditure applies to companies covered underA separate item threshold is 1% of revenue or Rs 1,00,000, whichever is higher. For Rs 5 c