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AS
Question Practice

How is the balance in the Share Forfeiture Account treated upon reissue of forfeited shares?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - II
Accounting for Share Capital
Question Bank

How is the balance in the Shar...

Single Answer MCQ
Q-00082480

How is the balance in the Share Forfeiture Account treated upon reissue of forfeited shares?

1

It is closed immediately

2

It is adjusted against Share Capital

3

It remains unaffected

4

It is transferred to the Capital Reserve Account

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