Question

....... is transferred to capital reserve at the time, when company forfeited and reissue of shares.​

Answer 1

Answer:

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.

Explanation:

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