After the forfeited shares are reissued, the balance in the forfeited shares account should be transferred to ________.
A. General reserve A/c
B. Capital reserve A/c
C. Securities premium A/c
D. Surplus A/c
Answer:B
After the forfeited shares are reissued, the balance in the forfeited shares account should be transferred to ________.
A. General reserve A/c B. Capital reserve A/c C. Securities premium A/c D. Surplus A/c