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Sir.... In this question.... At the time of forfeiture 2rs is credited to shares forfeited account.... My doubt:- But......while reissue....Why only 1rupee is debited to forfeited shares account....and why 1rupee is debited to discount account?

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Girinath A

Girinath A

CA Inter

655

05-Dec-20 07:20

18

Answers (3)

Best Answer

Rs. 2 should be debited to forfeiture account.


Suraj Lakhotia

Suraj Lakhotia

Admin

05-Dec-20 11:00

Share allotted at 9rupee per share to dimple .. so when reissued these share, they issued this at 8rs per share , so he get 1rupee discount


Abhishek Verma

Abhishek Verma

CA Inter

3K+

05-Dec-20 09:20

i think i am wrong


Abhishek Verma

Abhishek Verma

CA Inter

3K+

05-Dec-20 09:28

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