Question:

can be used to write off preliminary expenses of the company.

Updated On: Mar 12, 2025

Capital Reserve
Revaluation Reserve
General Reserve
Securities Premium Reserve

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The Correct Option is D

Solution and Explanation

The correct option is (D) : Securities Premium Reserve

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Match List-I with List-II

List-I (Name of account to be debited or credited, when shares are forfeited)	List-II (Amount to be debited or credited)
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(B) Share Forfeited Account	(II) Credited with amount not received
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Choose the correct answer from the options given below:

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