The profit on re-issue of forfeited shares is transferred to: (a). Reserve fund (b). Capital redemption reserve

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The profit on re-issue of forfeited shares is transferred to:

(a). Reserve fund

(b). Capital redemption reserve

(c). Capital reserve

(d). Goodwill

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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Posted: Aug 30, 2023 06:25 AM

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The profit on re-issue of forfeited shares is transferred to: (a). Reserve fund (b). Capital redemption reserve

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c C...View the full answer

Corporate Accounting

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