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Commerce · Q1530

Accounting

Graduate and Post Graduate · Commerce · question 1530

Q1530

The discount allowed on reissue of forfeited shares is debited to

A.
Share Capital A/c
B.
Profit and Loss A/c
C.
Capital Redemption Reserve A/c
D.
Forfeited Shares A/c
Answer

Answer: Option D

Solution

Answer: Option D
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