What is meant by forfeiture of shares? Post category:Accountancy Reading time:1 mins read SOLUTION If any shareholder fails to pay the amount due on allotment or on any call within the specified period, the Directors may cancel his shares. This is called Forfeiture of Shares. 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 issue of shares for consideration other than cash? Next PostWhat is meant by surrender of shares? You Might Also Like State whether conversion of debentures into equity shares by a financing company will result in inflow’, outflow’ or no flow’ of cash. October 4, 2022 Exe Ltd. purchased the assets of the book value Rs. 4,00,000 and took over the liabilities of Rs. 50,000 from Mohan Bros. It was agreed that the purchase consideration, settled at Rs. 3,80,000 be paid by issuing debentures of Rs. 100 each. Pass journal entries if debenture is issued: (a) at par (b) at a discount of 10% and (c) at a premium of 10%. It was agreed that any fraction of debentures be paid in cash. July 16, 2022 What is meant by ‘Profitability of Business’? October 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
State whether conversion of debentures into equity shares by a financing company will result in inflow’, outflow’ or no flow’ of cash. October 4, 2022
Exe Ltd. purchased the assets of the book value Rs. 4,00,000 and took over the liabilities of Rs. 50,000 from Mohan Bros. It was agreed that the purchase consideration, settled at Rs. 3,80,000 be paid by issuing debentures of Rs. 100 each. Pass journal entries if debenture is issued: (a) at par (b) at a discount of 10% and (c) at a premium of 10%. It was agreed that any fraction of debentures be paid in cash. July 16, 2022