Where would you transfer the balance left in the share forfeited account after the reissue of such shares? Post category:Accountancy Reading time:1 mins read SOLUTION Balance left in share forfeited account after the reissue of such shares represents a capital profit, which is transferred to ‘Capital Reserve 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 maximum amount of discount which may be allowed on reissue of forfeited shares? (C.B.S.E, 2014) Next PostWhat is meant by ‘Issue of shares for consideration other than cash’? Give an example. You Might Also Like Do you think that Calls in Advance is a part of Share Capital? September 29, 2022 What is the maximum number of partners that a partnership firm can have? Name the Act that provides for the maximum number of partners in a partnership firm. September 23, 2022 X Ltd. has Current Ratio of 4.5 : 1 and a Quick Ratio of 3 : 1. If its inventory is Rs. 36,000, find out its total Current Assets and total Current Liabilities. August 12, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
What is the maximum number of partners that a partnership firm can have? Name the Act that provides for the maximum number of partners in a partnership firm. September 23, 2022
X Ltd. has Current Ratio of 4.5 : 1 and a Quick Ratio of 3 : 1. If its inventory is Rs. 36,000, find out its total Current Assets and total Current Liabilities. August 12, 2022