A's share forfeited after first call B's share forfeited after second call .so when will the entry be passed for transferrringshare forfeited amt to capital reserve if A shae reissued after first call and B share reissued after second call

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Priya,

The total amount of share forfeiture to be transferred to capital reserve will be known only after B's shares have been re-issued. So, the entry for transfer to capital reserve account will be done at the end.

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Q. X Ltd. forfeited 10 shares of Rs 10 each issued at a discount of 10% to Y on which a second & financial call of Rs 4 was not yet called and a first call of Rs 4 was not received. 8 of these shares were reissued as Rs 8 called up for Rs 7.50 per share. On reissue, the Share Capital will be ____________.

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A's share forfeited after first call B's share forfeited after second call .so when will the entry be passed for transferrringshare forfeited amt to capital reserve if A shae reissued after first call and B share reissued after second call

Priya, The total​ amount of share forfeiture to be transferred to capital reserve will be known only after B's shares have been re-issued. So, the entry for transfer to capital reserve account will be done at the end.

Priya,

The total amount of share forfeiture to be transferred to capital reserve will be known only after B's shares have been re-issued. So, the entry for transfer to capital reserve account will be done at the end.