Maharashtra State BoardHSC Commerce 12th Board Exam
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Share Forfeited Balance is Transferred to Capital Reserve Account. - Book Keeping and Accountancy

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Question

Share forfeited balance is transferred to Capital Reserve Account.

Solution

True

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APPEARS IN

 2017-2018 (March) (with solutions)
Question 1.4.3 | 1.00 mark
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Share Forfeited Balance is Transferred to Capital Reserve Account. Concept: Accounting for Share Capital.
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