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easyMCQCUET Accountancy 2025 27 May Shift 22026Accountancy
1 mark

Under which sub-head in the balance sheet does the balance of the share forfeiture account appear?

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

Solution & Step-by-step Explanation

In Schedule III of the Companies Act, 2013, the un-issued balance remaining in the Share Forfeiture Account is presented as an explicit addition line item under the main heading Share Capital within the 'Notes to Accounts'.

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Under which sub-head in the balance sheet does the balance of the share forfeiture account appear?
A
Share capital
B
Reserves and surpluses
C
Unsecured loans
D
Current liabilities and provisions

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Company AccountsShare CapitalFinancial Statements

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