The balance, if any, left in the share forfeited account relating to reissued shares, should be transferred to _______ Option 1: Forfeited Share Account Option 2: Share Capital Account Option 3: Reserve Capital Account Option 4: Capital Reserve Account

The answer is 'Capital Reserve Account'. View full solution:

CUET Accountancy - The balance, if any, left in the share forfeited account relating to reissued shares, should be transferred to _______ | PYQs + Solutions

CUET Accountancy 2023 29 May Shift 2

Company Accounts

Medium

Forfeited Share Account

Share Capital Account

Reserve Capital Account

Capital Reserve Account

✅ Correct Option: 4

Related questions:

30 May Shift 2

In which order, the following types of share capital are shown in the balance sheet of a company?

(A) Subscribed Capital

(B) Called up Capital

(D) Authorized Capital

Choose the correct answer from the options given below:

22 May Shift 1

In which order, the share capital of the Company is shown on the balance sheet:

(A) Authorized Capital

(B) Subscribed and fully paid up Capital

(D) Subscribed but not fully paid up

Choose the correct answer from the options given below:

8 Aug Shift 2

A company issues a share of Rs. 10 on which Rs. 8 is called-up and a shareholder has not paid the call of Rs. 2. The amount credited to share capital in respect of such shares will be:

CUET Accountancy 2023 29 May Shift 2 PYQs

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