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प्रश्न
Give one word / Term / phrase for the following statement :
The account to which excess amount on share forfeited a/c is transferred.
एक शब्द/वाक्यांश उत्तर
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उत्तर
Capital Reserve
Explanation: It is a reserve created out of capital profits of an organisation. It is maintained out of profits earned from specific transactions of a capital nature. It is capital reserve to which the excess amount on Share Forfeited Account is transferred. Such excess amount represents the profit on re-issue of forfeited shares.
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