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How to transfer amount in capital …

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How to transfer amount in capital reserve when there is double forfeiture

Posted by Reshampal Singh 1 year, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Preeti Dabral 1 year, 10 months ago

When a company re-issues only a part of the forfeited shares, then it will transfer only the profit relating to this part to the capital reserve. When a company re-issues shares at a price more than their face value, it needs to transfer the excess amount to the Securities Premium A/c.

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