Economics · Accounting for Share Capital
Discount allowed on the reissue of forfeited shares is debited to which account?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Discount on Issue of Shares Account
- 2Forfeited Shares Account✓
- 3Profit & Loss Account
- 4Share Capital Account
Correct answer
Forfeited Shares Account
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