Accountancy, asked by anannyakohli, 4 months ago

under which head and sub- head in the balance sheet will share forfeiture come​

Answers

Answered by anilradha36
1

Answer:

Share forfeiture account contains the amount that is paid on shares forfeited. Forfeited shares means share that an owner loses due to failure to pay money due on calls. The balance in the share forfeiture is a part of share capital and is shown under that head.

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