{"id":45559,"date":"2024-04-15T21:59:45","date_gmt":"2024-04-15T21:59:45","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=45559"},"modified":"2024-04-15T21:59:45","modified_gmt":"2024-04-15T21:59:45","slug":"a-share-of-rs-10-is-issue-with-rs-1-premium-on-which-rs-9-including-premium-is-called-up-and-rs-7-including-premium-is-paid-up-is-forfeited-share-capital-account-will-be-debited-by","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-share-of-rs-10-is-issue-with-rs-1-premium-on-which-rs-9-including-premium-is-called-up-and-rs-7-including-premium-is-paid-up-is-forfeited-share-capital-account-will-be-debited-by\/","title":{"rendered":"A share of Rs. 10 is issue with Rs. 1 premium, on which Rs. 9 (including premium) is called-up and Rs. 7 (including premium) is paid up is forfeited. Share capital account will be debited by"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 8&#8243; option2=&#8221;Rs. 9&#8243; option3=&#8221;Rs. 7&#8243; option4=&#8221;Rs. 10&#8243; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is C. Rs. 7.<\/p>\n<p>Share capital account will be debited by the amount of share capital that is forfeited. In this case, the share capital is Rs. 10, but only Rs. 7 has been paid up. Therefore, the share capital account will be debited by Rs. 7.<\/p>\n<p>Option A is incorrect because it is the amount of the share capital that is called up. Option B is incorrect because it is the amount of the share capital that is called up plus the premium. Option D is incorrect because it is the total amount of the share capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 8&#8243; option2=&#8221;Rs. 9&#8243; option3=&#8221;Rs. 7&#8243; option4=&#8221;Rs. 10&#8243; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-45559","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A share of Rs. 10 is issue with Rs. 1 premium, on which Rs. 9 (including premium) is called-up and Rs. 7 (including premium) is paid up is forfeited. Share capital account will be debited by<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/a-share-of-rs-10-is-issue-with-rs-1-premium-on-which-rs-9-including-premium-is-called-up-and-rs-7-including-premium-is-paid-up-is-forfeited-share-capital-account-will-be-debited-by\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A share of Rs. 10 is issue with Rs. 1 premium, on which Rs. 9 (including premium) is called-up and Rs. 7 (including premium) is paid up is forfeited. Share capital account will be debited by\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Rs. 8&#8243; option2=&#8221;Rs. 9&#8243; option3=&#8221;Rs. 7&#8243; option4=&#8221;Rs. 10&#8243; correct=&#8221;option3&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/a-share-of-rs-10-is-issue-with-rs-1-premium-on-which-rs-9-including-premium-is-called-up-and-rs-7-including-premium-is-paid-up-is-forfeited-share-capital-account-will-be-debited-by\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T21:59:45+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"A share of Rs. 10 is issue with Rs. 1 premium, on which Rs. 9 (including premium) is called-up and Rs. 7 (including premium) is paid up is forfeited. Share capital account will be debited by","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/a-share-of-rs-10-is-issue-with-rs-1-premium-on-which-rs-9-including-premium-is-called-up-and-rs-7-including-premium-is-paid-up-is-forfeited-share-capital-account-will-be-debited-by\/","og_locale":"en_US","og_type":"article","og_title":"A share of Rs. 10 is issue with Rs. 1 premium, on which Rs. 9 (including premium) is called-up and Rs. 7 (including premium) is paid up is forfeited. Share capital account will be debited by","og_description":"[amp_mcq option1=&#8221;Rs. 8&#8243; option2=&#8221;Rs. 9&#8243; option3=&#8221;Rs. 7&#8243; option4=&#8221;Rs. 10&#8243; correct=&#8221;option3&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/a-share-of-rs-10-is-issue-with-rs-1-premium-on-which-rs-9-including-premium-is-called-up-and-rs-7-including-premium-is-paid-up-is-forfeited-share-capital-account-will-be-debited-by\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T21:59:45+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/a-share-of-rs-10-is-issue-with-rs-1-premium-on-which-rs-9-including-premium-is-called-up-and-rs-7-including-premium-is-paid-up-is-forfeited-share-capital-account-will-be-debited-by\/","url":"https:\/\/exam.pscnotes.com\/mcq\/a-share-of-rs-10-is-issue-with-rs-1-premium-on-which-rs-9-including-premium-is-called-up-and-rs-7-including-premium-is-paid-up-is-forfeited-share-capital-account-will-be-debited-by\/","name":"A share of Rs. 10 is issue with Rs. 1 premium, on which Rs. 9 (including premium) is called-up and Rs. 7 (including premium) is paid up is forfeited. 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