

MCQOPTIONS
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1. |
When shares have been issued at discount, then the proportionate amount of discount on forfeited shares should be |
A. | Debited to Shares Discount Account |
B. | Credited to Shares Discount Account |
C. | Credited to Forfeited shares Account |
D. | None of the above |
Answer» C. Credited to Forfeited shares Account | |