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Commerce · Q2113

Accounting

Graduate and Post Graduate · Commerce · question 2113

Q2113

Balance of share forfeiture after re-issue of forfeited share is transferred to which account?

A.
is added to paid-up capital
B.
is added to goodwill account
C.
is transferred to capital reserve
Answer
D.
is transferred to share forfeiture A/c

Answer: Option C

Solution

Answer: Option C
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