Question

what is the difference between paid up and called up and how its treated in the time of forfeiture and reissue?

Answer 1

Answer:

The difference between called-up share capital and paid-up share capital is that investors have already paid in full for paid-up capital . Called-up capital has not yet been completely paid though payment has been requested by issuing entity

If a company makes any loss on reissue of shares such loss is made good by making adjustments by debiting the fortified shares account .The balance remaining the fortified share account is a capital profit and it must be transferred to capital reverse account .

Answer 2

Answer:

The above answer is correct✔✔ ☺☺