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Teaching Accountancy Company Accounts Question Bank MCQ - Company Accounts

  • question_answer
    Any balance in the share forfeiture account, after all the forfeited shares are reissued, should be

    A)  Added to the paid-up capital

    B)  Transferred to the goodwill account

    C)  Transferred to the capital reserve account     

    D)  None of the above

    Correct Answer: C

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