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easyMCQCUET Accountancy 2025 3 June Shift 22026Accountancy
1 mark

The balance of the share forfeiture account (in respect of shares not yet reissued) is shown in the balance sheet under which item?

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

Solution & Step-by-step Explanation

The balance of the Share Forfeiture Account for shares that haven't been reissued yet is added to the paid-up capital under the "Share Capital" head in the Notes to Accounts of the Balance Sheet.

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The balance of the share forfeiture account (in respect of shares not yet reissued) is shown in the balance sheet under which item?
A
Current liabilities and provisions
B
Reserves and surpluses
C
Share capital
D
Unsecured loan

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Company AccountsShare CapitalShare Forfeiture

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