HomeTestsSearchRankProfile
easyMCQCUET Accountancy 2025 24 May Shift 12026Accountancy
1 mark

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

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

Solution & Step-by-step Explanation

The remaining balance of the Share Forfeiture Account (on shares not yet reissued) is presented under the Share Capital main head as an addition to the paid-up capital in the Notes to Accounts of the Balance Sheet.

Practice this question

Try it yourself before checking the explanation above.

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

Share This Question

Company AccountsShare Capital

Related Questions

easyMCQ

Which one of the following statements is true?

easyMCQ

Which of the following statements is not correct?

easyMCQ

Which one of the following statements is correct?

easyMCQ

The product formed by the reaction of an aldehyde with a primary amine is:

easyMCQ

Which part of the tobacco plant is infected by Meloidogyne incognita?

easyMCQ

The term ecosystem was coined by:

Ready for a Full Test?

Practice with timed mock tests and track your performance across Accountancy.

Browse TestsLeaderboard

Discussion