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 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 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 What is Operating Ratio? How is it calculated? October 3, 2022 What is meant by ‘Fixed Capital’ of a partner? (Delhi 2016 C) October 7, 2022 Pass entries in firm’s Journal for the following on admission of a partner: (i) Unrecorded Investments worth Rs. 20,000 are to be accounted. (ii) Unrecorded liability towards suppliers for Rs. 5,000 is to be accounted. (iii) An item of Rs. 1,600 included in Sundry Creditors is not likely to be claimed and hence should be written back. August 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Pass entries in firm’s Journal for the following on admission of a partner: (i) Unrecorded Investments worth Rs. 20,000 are to be accounted. (ii) Unrecorded liability towards suppliers for Rs. 5,000 is to be accounted. (iii) An item of Rs. 1,600 included in Sundry Creditors is not likely to be claimed and hence should be written back. August 1, 2022