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
CUET UG 2023 — Accountancy Company Accounts
2023mcqmedium
The balance, if any, left in the share forfeited account relating to reissued shares, should be transferred to _______
Official previous-year question
Held on 29 May 2023 · Verified 13 Jul 2026.
Options
- A
Forfeited Share Account
- B
Share Capital Account
- C
Reserve Capital Account
- D
Capital Reserve Account
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