Balance amount in the share forfeiture would be shown in the balance sheet under the head of ____________ .

Share Capital

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Reserves and Surplus

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Current Liabilities

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Secured Loans

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Solution

The correct option is A Share Capital
Share forfeiture account contains the amount that is paid on shares forfeited. Forfeited shares means share that an owner loses due to failure to pay money due on calls. The balance in the share forfeiture is a part of share capital and is shown under that head.

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