Share forfeited account is shown on the liability side of the balance sheet–

(A) under the heading ‘Reserve ans surplus’
(B) by adding to the paid up capital
(C) under the heading ‘current liabilities and provision’
(D) None of the above

Anurag Mishra Professor Asked on 14th July 2016 in Commerce.
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    Answer: (B) by adding to the paid up capital  

    Anurag Mishra Professor Answered on 14th July 2016.
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