2 thoughts on “2.2<br />52 = 0 x 100 + 52 = 25<br />152 = 1 x 200 + 52 = 225<br />252 = 2 x 300 + 52 = 625<br />352 =<br />= 1225<br />452 = 4 x”
Answer:
Normally, the forfeited shares are reissued as fully paid and at a discount. The amount of discount allowed cannot exceed the amount that had been received on forfeited shares on their original issue, and should be debited to the ‘Share Forfeited A/c’. The balance, if any, left in Share Forfeited A/c, in respect of shares reissued , should be treated as capital profit and transferred to Capital Reserve A/c.
Normally, the forfeited shares are reissued as fully paid and at a discount. The amount of discount allowed cannot exceed the amount that had been received on forfeited shares on their original issue, and should be debited to the ‘Share Forfeited A/c’. The balance, if any, left in Share Forfeited A/c, in respect of shares reissued , should be treated as capital profit and transferred to Capital Reserve A/c.
Answer:
Normally, the forfeited shares are reissued as fully paid and at a discount. The amount of discount allowed cannot exceed the amount that had been received on forfeited shares on their original issue, and should be debited to the ‘Share Forfeited A/c’. The balance, if any, left in Share Forfeited A/c, in respect of shares reissued , should be treated as capital profit and transferred to Capital Reserve A/c.
Answer:
Normally, the forfeited shares are reissued as fully paid and at a discount. The amount of discount allowed cannot exceed the amount that had been received on forfeited shares on their original issue, and should be debited to the ‘Share Forfeited A/c’. The balance, if any, left in Share Forfeited A/c, in respect of shares reissued , should be treated as capital profit and transferred to Capital Reserve A/c.
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