In this case application allotment and first call total is Rs 70. Second thing the share has been issued for Rs 6500. 70*100=7000 Reissue price is Rs 6500 and the face value of the share is rupees 7000 company is facing a loss of Rs 500 and that loss will be recovered from share forfeiture account
done
mam jo 8th entry h ques ki usme sh. forfeiture a/c dr kyu horaa h?? hmne shares zyada amt me issue kree h to premium ka case nhi bnega kya?
In this case application allotment and first call total is Rs 70.
Second thing the share has been issued for Rs 6500.
70*100=7000
Reissue price is Rs 6500 and the face value of the share is rupees 7000 company is facing a loss of Rs 500 and that loss will be recovered from share forfeiture account
@@InstituteOfCommerceGurgaon ok mam thnkuu for clearing!