Question

2.2
52 = 0 x 100 + 52 = 25
152 = 1 x 200 + 52 = 225
252 = 2 x 300 + 52 = 625
352 =
= 1225
452 = 4 x 500 + 52 =
= 5 x 600 + 52 =
652 =

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Answer 1

Answer:

Normally, the forfeited shares are reissued as fully paid and at a discount. The amount of discount allowed cannot exceed the amount that had been received on forfeited shares on their original issue, and should be debited to the 'Share Forfeited A/c'. The balance, if any, left in Share Forfeited A/c, in respect of shares reissued , should be treated as capital profit and transferred to Capital Reserve A/c.

Answer 2

Answer:

Normally, the forfeited shares are reissued as fully paid and at a discount. The amount of discount allowed cannot exceed the amount that had been received on forfeited shares on their original issue, and should be debited to the 'Share Forfeited A/c'. The balance, if any, left in Share Forfeited A/c, in respect of shares reissued , should be treated as capital profit and transferred to Capital Reserve A/c.

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