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easyMCQCUET Accountancy2026Accountancy
1 mark

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

  1. A
    Current liabilities and provisions
  2. B
    Reserves and surplus
  3. C
    Share capital
  4. D
    Unsecured Loan

Solution & Step-by-step Explanation

Under Schedule III of the Companies Act, 2013, the un-reissued balance left in the Share Forfeiture Account is presented by adding it directly to the Subscribed Share Capital under the main heading Share Capital under Shareholders' Funds on the Equity and Liabilities side of the Balance Sheet.

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Balance of share forfeiture account is shown in the balance sheet under the item:
A
Current liabilities and provisions
B
Reserves and surplus
C
Share capital
D
Unsecured Loan

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Company AccountsShare CapitalBalance Sheet Presentation

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