The net profit on forfeiture and reissue of equity shares is transferred to ............

CS Executive · Corporate and Management Accounting · PYQS · June 2024
The net profit on forfeiture and reissue of equity shares is transferred to ............
(A) Capital Reserve
(B) General Reserve
(C) Dividend Equalization Reserve
(D) Revaluation Reserve

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Corporate Accounting

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