If the loss on reissue of shares is less than the amount forfeited, the ‘surplus’ or profit is transferred to :
A. Capital Reserve
B. Revenue Reserve
C. Profit & Loss A/c
D. None of these
Answer:A
If the loss on reissue of shares is less than the amount forfeited, the ‘surplus’ or profit is transferred to :
A. Capital Reserve B. Revenue Reserve C. Profit & Loss A/c D. None of these