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mediumMCQCUET Accountancy 2022 23 Aug Shift 2 PYQs2026Accountancy
1 mark

All of them are shown under the sub-heading 'Reserve and Surplus' except :

  1. A
    Surplus ; Balance in Statement of Profit and Loss
  2. B
    Debenture Redemption Reserve
  3. C
    Forfeited Shares
  4. D
    Revaluation Reserve

Solution & Step-by-step Explanation

'Surplus', 'Debenture Redemption Reserve', and 'Revaluation Reserve' are explicitly shown under the sub-heading 'Reserves and Surplus' in the balance sheet. However, the balance of 'Forfeited Shares Account' is added to the Subscribed Capital under the main head 'Share Capital'.

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All of them are shown under the sub-heading 'Reserve and Surplus' except :
A
Surplus ; Balance in Statement of Profit and Loss
B
Debenture Redemption Reserve
C
Forfeited Shares
D
Revaluation Reserve

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