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easyMCQCUET Accountancy 2025 30 May Shift 12026Accountancy
1 mark

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

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

Solution & Step-by-step Explanation

In accordance with Schedule III of the Companies Act, 2013, the un-adjusted remaining balance of the Share Forfeiture Account is presented by adding it directly to the paid-up capital sub-head under the main heading Share Capital on the liabilities side.

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

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