Question : The balance of the Share Forefieture account is displayed under the line item-
Option 1: Reserve & Surplus
Option 2: Unsecured Loans
Option 3: Share Capital Account
Option 4: None of the above
Correct Answer: Share Capital Account
Solution : The item share capital account in the balance sheet displays the balance of the share forfeiture account.
Hence the Correct answer is option 3
Question : Which of the following statements is false?
Question : Which of the following is not a type of balance of payments surplus or deficit?
Question : The balance of trade is a part of which account in the Balance of Payments?
Question : In the case of fixed capital, partners will have
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