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FORFEITURE OF SHARESVS SURRENDER OF SHARES
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Answer Posted / husna
Forfeiture of shares refers to cancellation of shares by
the company issued to the shareholders for non-payment of
money called upon shares.
Surrender of shares refers to voluntary act by the
shareholder to the company.
| Is This Answer Correct ? | 32 Yes | 5 No |
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Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572
