What is maximum amount of discount which may be allowed on reissue of forfeited shares? (C.B.S.E, 2014) Post category:Accountancy Reading time:1 mins read SOLUTION The amount credited to Forfeited Share Account. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat is meant by surrender of shares? Next PostWhere would you transfer the balance left in the share forfeited account after the reissue of such shares? You Might Also Like Can a retiring partner or Legal Representatives of a Deceased Partner claim a share in the subsequent profits of the firm. September 27, 2022 What are the two types of shares which a Company can issue? September 28, 2022 A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1. They earned a profit of Rs. 30,000 during the year ended 31st March, 2019. Distribute profit among A, B and C if: (a) C’s share of profit is guaranteed to be Rs. 6,000 Minimum. (b) Minimum profit payable to C amounting to Rs. 6,000 is guaranteed by A. (c) Guaranteed minimum profit of Rs. 6,000 payables to C is guaranteed by B. (d) Any deficiency after making payment of guaranteed Rs. 6,000 will be borne by A and B in the ratio of 3 : 1. July 22, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.