transferred to Goodwill A/c
transferred to Capital Reserve A/c
shown as Share Forfeiture A/c
added to paid-up capital
Answer is Wrong!
Answer is Right!
The correct answer is: B. transferred to Capital Reserve A/c.
Share forfeiture account is a temporary account that is used to record the amount of money that has been forfeited by shareholders who have failed to pay the full amount of their subscription. When all of the forfeited shares are reissued, the balance in the share forfeiture account is transferred to the capital reserve account.
The capital reserve account is a type of reserve account that
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