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Question
Balance in Share Forfeiture Account is shown in the balance sheet under the head of ______.
Options
Reserves and Surplus
Long-term Borrowings
Share Capital
Other Current Liabilities
MCQ
Fill in the Blanks
Solution
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.
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