MCQOPTIONS
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| 1. |
Share forfeited account is shown on the liability side of the balance sheet |
| A. | Under the heading Reserves and Surplus |
| B. | By adding to the paid-up capital |
| C. | Under the heading Current Liabilities and Provisions |
| D. | Under the heading Miscellaneous Expenses |
| Answer» C. Under the heading Current Liabilities and Provisions | |