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Balance of share forfeiture account is shown in the balance sheet under the item ______. -

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Question

Balance of share forfeiture account is shown in the balance sheet under the item ______.

Options

  • Share capital account

  • Reserves and surpluses

  • Unsecured Loans

  • None of the options

MCQ
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Solution

Balance of share forfeiture account is shown in the balance sheet under the item share capital account.

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