Under which sub-head in the balance shee

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Shares

Question:

Under which sub-head in the balance sheet does the balance of share forfeiture account appear?

Options:

Share capital

Reserves and surpluses

Unsecured loans

Current liabilities and provisions

Correct Answer:

Share capital

Explanation:

The correct answer is Option (1) → Share capital