A) general reserve is debited with the credit balance left in the forfeited shares account.
B) general reserve is credited with the credit balance left in the forfeited shares account.
C) capital reserve is debited with the credit balance left in the forfeited shares account.
D) capital reserve is credited with the credit balance left in the forfeited shares account.
Correct Answer: D
Solution :
[d] capital reserve is credited with the credit balance left in the forfeited shares account.
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