Balance of share forfeiture account is s

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Shares

Question:

Balance of share forfeiture account is shown in the balance sheet under the sub-head-

Options:

Current liabilities and provisions

Reserves and surpluses

Share capital

Unsecured loans

Correct Answer:

Share capital

Explanation:

The correct answer is Option (3) → Share capital