After reissue of forfeited shares, any credit balance remaining in the Share Forfeited Account represents a capital profit, as it arises from the original shareholders' forfeited money. This balance is transferred to the Capital Reserve Account.
The balance, if any, left in the share forfeited account relating to reissued shares, should be transferred to _______
Held on 29 May 2023 · Verified 13 Jul 2026.
Forfeited Share Account
Share Capital Account
Reserve Capital Account
Capital Reserve Account
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