Question

Balance in Share Forfeiture Account is shown in the balance sheet under the head of ______.

पर्याय

• Reserves and Surplus

• Long-term Borrowings

• Share Capital

• Other Current Liabilities

Answer 1

Balance in Share Forfeiture Account is shown in the balance sheet under the head of Share Capital.

Explanation:

The share forfeiture is recorded in the share capital section of the balance sheet since it is a component of the share capital.