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    Bihar Board XII Accountancy Share Forfeiture
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List of top Accountancy Questions on Share Forfeiture asked in Bihar Board XII

Cemto Ltd. forfeited 6,000 shares of ₹10 each issued at a premium of ₹2 per share for the non-payment of the \emph{final call} of ₹3 per share. Later, 300 of the forfeited shares were re-issued at ₹8 per share as fully paid. Pass the necessary journal entries for forfeiture and re-issue of shares. Also prepare the Share Forfeiture Account.
  • Bihar Board XII - 2025
  • Bihar Board XII
  • Accountancy
  • Share Forfeiture
Why does a company forfeit shares?
  • Bihar Board XII - 2025
  • Bihar Board XII
  • Accountancy
  • Share Forfeiture
Forfeiture of shares results in reduction of:
  • Bihar Board XII - 2025
  • Bihar Board XII
  • Accountancy
  • Share Forfeiture
Balance of Share Forfeiture A/c is shown in the Balance Sheet under the item:
  • Bihar Board XII - 2025
  • Bihar Board XII
  • Accountancy
  • Share Forfeiture