Question

The account to which excess amount on share forfeited a/c is transferred. Answer in a word / phrase / term.

Answer 1

Hey mate ✌️✌️


The account to which excess amount on share forfeited a/c is transferred⤵️⤵️⤵️⤵️


(Capital Reserve Account)

Answer 2

The account to which excess amount on share forfeited a/c is transferred is known as a capital reserve account.

* Here, the surplus amount( can also be the capital surplus) that's generated from the profits of a company are deposited.

* This amount can be used for maintaining the capital buffers, any urgency or several other contingencies.