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प्रश्न
Share forfeiture account appears in a company’s balance sheet under the sub-head ______.
विकल्प
Share Capital
Reserve and Surplus
Other Long-term Liabilities
Other Current Liabilities
MCQ
रिक्त स्थान भरें
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उत्तर
Share forfeiture account appears in a company’s balance sheet under the sub-head Share Capital.
Explanation:
The Share Forfeiture Account represents the amount received on shares that have been forfeited (i.e., cancelled due to non-payment of call money). This amount is not refunded to the shareholder and remains with the company.
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