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  3. 12th Class
  4. Accountancy
  5. Accounting For Share Capital

12th Class Accountancy Accounting For Share Capital Question Bank MCQs - Accounting for Share Capital

  • question_answer
    The balance of the forfeited shares account (after reissue of forfeited share) is transferred to:

    A) General reserve

    B) Capital reserve

    C) Profit & Loss a/c

    D) All of the above

    Correct Answer: B

    Solution :

    Capital reserve


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