Question

If the loss on reissue of shares is less than the amount forfeited, the ‘surplus’ or profit is transferred to

any army here​

Answer 1

Answer:

capital reserve

If the discount allowed on reissue of shares is less than the forfeited amount, there will be some balance left in the Forfeited Account, which should be transferred to capital reserve, because it is a profit of capital nature.

[Yes !!!

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