After the issue of forfeited shares, balance of forfeited shares account Is transferred to

Related MCQs

• When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.
• The balance of branch adjustment account is transferred to _________ account
• If shares are bought back out of free reserves then a sum equal to nominal value of the shares so bought back is transferred to:
• Forfeited shares to become ________
• Balance of realization A/c is transferred to the capital A/c of the partners in:
• The profit included in surplus or shortage of stock is transferred to ______ account
• On the retirement of a partner any reserve being should be transferred to the capital account of:
• In the books of Hirer, the interest and depreciation account will be transferred to ______.
• Which of the following accounts can be transferred to capital redemption reserve account?
• Discount on issue of debentures is shown under the heading in a company's Balance Sheet _______