2. Questions Bank
  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
    If discount on reissue of shares is less than the amount forfeited, the surplus is transferred to:

    A) Capital Reserve  

    B) General Reserve

    C) Securities Premium Reserve

    D) Statement of Profit and Loss

    Correct Answer: A

    Solution :

    [a] Capital Reserve


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