Balance of Share Forfeiture account is s

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Target Exam

CUET

Subject

Accountancy

Chapter

Financial Statements of a Company

Question:

Balance of Share Forfeiture account is shown in the Balance Sheet under the item:-

Options:

Current Liabilities and Provisions

Reserve and Surplus

Share Capital

Unsecured Loans

Correct Answer:

Share Capital

Explanation:

The correct answer is Option (3) - Share Capital