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.
CUET UG 2023 — Accountancy Company Accounts
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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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.