Discount allowed on reissue of forfeited shares is debited to:

Related MCQs

• The balance of the forfeited shares account after reissue of forfeited shares account is transferred to:
• Discount allowed on re-issue of forfeited shares is debited to :
• ABC Ltd. makes payments to its Sundry Creditors through cheques and the Cash Discount received on these payments is recorded in the Triple-columnar Cash Book. In the event of dishonour of any such cheques, the discount so received should be written back through (i) A debit to discount column of the Cash Book (ii) A credit to discount column of the Cash Book (iii) A credit to bank column of the Cash Book (iv) A debit to Discount Account through Journal Proper (v) A credit to Creditor‘s Account through Journal Proper
• The balance of the forfeited shares account after re-issue of forfeited shares is transferred to :
• The profit on reissue of forfeited shares is transferred to ………
• The profit on reissue of forfeited shares is transferred to
• Goods worth ` 10,000 were purchased by B on which the traders allowed ` 500 trade discount and offer to give 5% cash discount if immediate payment is made. The Purchase A/c will be debited by —
• When shares are forfeited the share capital account is debited by
• When shares are forfeited the share capital account is debited by
• When forfeited shares (which were originally issued at a discount ) are reused at a premium, the amount of such premium will be credited to