What is the formula for calculating sacrificing ratio? Post category:Accountancy Reading time:1 mins read SOLUTION Sacrificing Ratio = Old Ratio – New Ratio. Please Share This Share this content Opens in a new window X Opens in a new window Facebook 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 Sacrificing Ratio? Next PostWhat is meant by Sacrificing Partners? You Might Also Like From the following Balance Sheet and information of Sun Ltd., prepare Cash Flow Statement: August 20, 2022 Gaurav applied for 5,000 shares of Rs. 10 each at a premium of 2.50 per share. But he was allotted only 2,500 shares on pro rata basis. After having paid Rs. 3 per share on application, he did not pay allotment money of Rs. 4.50 per share (including premium) and on his subsequent failure to pay the first call of Rs. 2 per share, his shares were forfeited. These shares were reissued at the rate of Rs. 8 per share credited as fully paid. Pass journal entries to record the forfeiture and reissue of shares. July 15, 2022 What do you mean by Non-Redeemable Preference Shares? September 28, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
From the following Balance Sheet and information of Sun Ltd., prepare Cash Flow Statement: August 20, 2022
Gaurav applied for 5,000 shares of Rs. 10 each at a premium of 2.50 per share. But he was allotted only 2,500 shares on pro rata basis. After having paid Rs. 3 per share on application, he did not pay allotment money of Rs. 4.50 per share (including premium) and on his subsequent failure to pay the first call of Rs. 2 per share, his shares were forfeited. These shares were reissued at the rate of Rs. 8 per share credited as fully paid. Pass journal entries to record the forfeiture and reissue of shares. July 15, 2022
