Accountancy, asked by sinhashubham4224, 2 months ago

Can forfeited shares be reissued at discount?

Answers

Answered by totakuraveerabhadrao

Answer:

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Explanation:

The board of directors of the company while reissuing the shares decide the price of reissue. These shares can be reissued at par, at premium or at discount. ... The amount of discount allowed at the time of reissue in no case should be more than the amount forfeited on such shares.

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