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Under which of the following head/ sub-head is ‘forfeited shares’ presented in the balance sheet of a company?
  • a)
    Reserves and surplus
  • b)
    Share capital
  • c)
    Other long-term liabilities
  • d)
    Othercurrent liabilities
Correct answer is option 'B'. Can you explain this answer?
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Under which of the following head/ sub-head is ‘forfeited shares...
Forfeited shares are shown by adding it to subscribed capital.
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Under which of the following head/ sub-head is ‘forfeited shares...
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Under which of the following head/ sub-head is ‘forfeited shares’ presented in the balance sheet of a company?a)Reserves and surplusb)Share capitalc)Other long-term liabilitiesd)Othercurrent liabilitiesCorrect answer is option 'B'. Can you explain this answer?
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