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How much maximum discount can company …

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How much maximum discount can company give at the time of reissue of forfieted shares?

Posted by Nishu Nishu 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Vishwajeet Jha 6 years ago

at the time of reissue of forfeited shares at discount of rs 2 per share is allowed so the total amount of discount of rs 400 is adjusted from the four features amount of rs 600 and the balance amount of rs 200 is transferred to capital reserve account being a capital gain.

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