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Teaching Accountancy Company Accounts Question Bank MCQ - Company Accounts

  • question_answer
    The balance in share forfeiture account, after the reissue of all forfeited shares, should be

    A)  Transferred to goodwill A/c

    B)  Transferred to capital reserve A/c

    C)  Shown as Share forfeiture A/c     

    D)  Added to paid-up capital

    Correct Answer: B

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