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Discount allowed on re-issue of forfeited shares is debited to ______. -

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Question

Discount allowed on re-issue of forfeited shares is debited to ______.

Options

  • Share Capital A/c

  • Share Forfeiture A/c

  • Profit and Loss A/c

  • General Reserve A/c

MCQ
Fill in the Blanks

Solution

Discount allowed on re-issue of forfeited shares is debited to Share Forfeiture A/c.

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