Bank balance not adjusted... Why?

answered on 29-Oct-22 17:35

In the pdf attached, in illustration 7, in last paragraph of question, there is an adjustment given for shares forfeited and reissued. But the amount collected on re issue is not added to bank balance which is given inside the trial balance. Can you please explain why? Atleast to the tune of gain on forfeiture, the bank balance has to be increased..... Right??! Please clarify my doubt.

latest answer

Ok sir thanks

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