[Solved] Balance remaining in the forfeited Account after reissue is transferred to ___________ account.

Balance remaining in the forfeited Account after reissue is transferred to ___________ account.

a) General reserve

b) Capital reserve

c) Premium account

d) None of these

Answer: (b) Balance remaining in the forfeited Account after reissue is transferred to Capital reserve account.

More MCQ and Answers on Auditing

1. Which among the following is not a right of company auditors.
2. Test checking is done when there is an effective system of _________
3. Test checking means
4. Audit working papers are
5. Current audit file consists of
6. ____ begins where accounting ends.
7. ________audit is compulsory for joint stock companies.
8. Treating revenue expenditure as capital expenditure is an example of error of
9. Financial statements are prepared by
10. Preliminary expanses not written off are treated as