Until the forfeited shares are reissued, the balance of Share Forfeiture Account represents amount already received on those shares. It is shown under Share Capital as an addition to Subscribed and Paid-up Capital in the Notes to Accounts.
CUET UG 2023 — Accountancy Company Accounts
Balance of Share Forfeiture account is shown in the Balance Sheet under the item:-
Held on 20 Jun 2023 · Verified 13 Jul 2026.
Current Liabilities and Provisions
Reserve and Surplus
Share Capital
Unsecured Loans
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According to Sec 2 (62) of Companies Act, 2013,the maximum amount of paidup share capital of an OPC is:
Arrange the following in correct order for issue of shares- (A) Share forfeiture (B) Share Application (C) Share Allotment (D) Unpaid Call Choose the correct answer from the options given below: 1. (B), (A), (C), (D) 2. (B), (C), (D), (A) 3. (B), (A), (D), (C) 4. (C), (B), (D), (A)
A debenture which is transferable merely by delivery is:
Which statements are correct about capital reserve:- (A) It is necessary to create capital reserves out of capital profits, if any. (B) It cannot be used to issue bonus shares. (C) It can be used to write off capital losses or to issue bonus shares any time during the lifetime of the company. (D) It is not shown on the company balance sheet. Choose the correct answer from the options given below:
What is the amount of Profit on reissue of Forfeited Shares Accounts transferred to capital reserve?
Work through every CUET UG Company Accounts PYQ, year by year.