Balance of Forfeited Shares Account after reissue of forfeited shares is transferred to :
A. Profit & Loss A/c
B. Capital Reserve Account
C. General Reserve Account
D. None of these
Answer:B
Balance of Forfeited Shares Account after reissue of forfeited shares is transferred to :
A. Profit & Loss A/c B. Capital Reserve Account C. General Reserve Account D. None of these