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Commerce · Q2272

Accounting

Graduate and Post Graduate · Commerce · question 2272

Q2272

The balance in share forfeiture account, after the reissue of all forfeited shares, should be

A.
transferred to Goodwill A/c
B.
transferred to Capital Reserve A/c
Answer
C.
shown as Share Forfeiture A/c
D.
added to paid-up capital

Answer: Option B

Solution

Answer: Option B
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