Home › Bihar Board Class 12 (Commerce) › Accountancy › Accounting for Share Capital › If only some forfeited shares are reissued, capi…
If only some forfeited shares are reissued, capital reserve gets
AThe whole balance
BOnly the matching part
CNothing until all go
DOnly the premium
Answer & Solution
Correct answer: B. Only the matching part
Capital profit arises only on reissued shares, so the balance for unissued forfeited shares stays in the account.
Related questions
200 shares of Rs. 100 forfeited for unpaid final call of Rs. 30; 150 reissued at Rs. 60 asProfit on reissue of forfeited shares is finally transferred toOn forfeiture, the amount already paid on the shares is credited toIf the articles are silent, interest on calls in arrears can be charged at most atApart from sweat equity, a company can ordinarily issue shares at a discount only onRs. 5,40,000 is raised by issuing Rs. 100 shares at 20% premium. How many shares?When shares are issued at a premium, the premium is credited toWhich entry records receipt of application money?