The forfeited shares can be reissued at …………

Related MCQs

• The shares of a company only can be forfeited after giving a ………days notice
• The discount on re-issue of forfeited shares is debited to ---- a/c.
• The profit on reissue of forfeited shares is transferred to ………
• Discount on reissue of forfeited shares should not exceed ………….
• Profit on the re‐issue of forfeited shares is transferred to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ account.
• Profit on re‐issue of forfeited shares will appear on the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ side of the balance sheet.
• When shares originally issued at discount are forfeited, the discount in respect of them is to be ‐‐‐‐‐‐‐
• When shares are forfeited the share capital account is debited by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• When 500 shares of Rs. 10 each on which Rs.3 on final call is not paid, share forfeited account is credited with ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• In the balance sheet forfeited shares amount is to be added to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐.