Teaching Accountancy Company Accounts Question Bank MCQ - Company Accounts

  • question_answer
    Share forfeited account is shown on the liability side of the balance sheet

    A)  Under the heading ‘Reserves and Surplus’

    B)  By adding to the paid-up capital

    C)  Under the heading ‘Current Liabilities and Provisions’

    D)  Under the heading ‘Miscellaneous Expenses’

    Correct Answer: B


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