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Commerce · Q1043

Accounting

Graduate and Post Graduate · Commerce · question 1043

Q1043

The balance of Forfeited share Account, after the reissue of forfeited shares, is transferred to:

A.
Capital Redemption Reserve Account
B.
General Reserve Account
C.
Capital Reserve Account
Answer
D.
Profit and Loss Account

Answer: Option C

Solution

Answer: Option C
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