Question

Which of the following statements is false? (a) Loss on reissue should not exceed the amount forfeited (b) When shares are reissued at a loss such loss is debited to forfeited shares a/c (c) If loss on reissue is less than the amount forfeited the surplus should be transferred to Capital reserve/c (d) If the reissued amount and forfeited amount exceeds the face value of shares reissued the excess amount is always credited to Share forfeited a/c

Answer 1

[D] If the reissued amount and forfeited amount exceeds the face value of shares reissued the excess amount is always credited to Share forfeited a/c

The above statement among the options is false..

Answer 2

Hello Friend

ans

Option.D

tHank