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Which of the following is not true?a)Loss on reissue of shares cannot be more than the gain on forfeiture of those sharesb)Where all the forfeited shares are not reissued the share forfeited account will show a credit balance equal to gain on forfeiture of shares not yet issuedc)When the shares are forfeited, share premium is debited along with share capital where premium has not been receivedd)Where forfeited shares are issued at premium, the amount of such premium is credited to capital reserve account.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is not true?a)Loss on reissue of shares cannot be more than the gain on forfeiture of those sharesb)Where all the forfeited shares are not reissued the share forfeited account will show a credit balance equal to gain on forfeiture of shares not yet issuedc)When the shares are forfeited, share premium is debited along with share capital where premium has not been receivedd)Where forfeited shares are issued at premium, the amount of such premium is credited to capital reserve account.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is not true?a)Loss on reissue of shares cannot be more than the gain on forfeiture of those sharesb)Where all the forfeited shares are not reissued the share forfeited account will show a credit balance equal to gain on forfeiture of shares not yet issuedc)When the shares are forfeited, share premium is debited along with share capital where premium has not been receivedd)Where forfeited shares are issued at premium, the amount of such premium is credited to capital reserve account.Correct answer is option 'D'. Can you explain this answer?.

Solutions for Which of the following is not true?a)Loss on reissue of shares cannot be more than the gain on forfeiture of those sharesb)Where all the forfeited shares are not reissued the share forfeited account will show a credit balance equal to gain on forfeiture of shares not yet issuedc)When the shares are forfeited, share premium is debited along with share capital where premium has not been receivedd)Where forfeited shares are issued at premium, the amount of such premium is credited to capital reserve account.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of Which of the following is not true?a)Loss on reissue of shares cannot be more than the gain on forfeiture of those sharesb)Where all the forfeited shares are not reissued the share forfeited account will show a credit balance equal to gain on forfeiture of shares not yet issuedc)When the shares are forfeited, share premium is debited along with share capital where premium has not been receivedd)Where forfeited shares are issued at premium, the amount of such premium is credited to capital reserve account.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which of the following is not true?a)Loss on reissue of shares cannot be more than the gain on forfeiture of those sharesb)Where all the forfeited shares are not reissued the share forfeited account will show a credit balance equal to gain on forfeiture of shares not yet issuedc)When the shares are forfeited, share premium is debited along with share capital where premium has not been receivedd)Where forfeited shares are issued at premium, the amount of such premium is credited to capital reserve account.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Which of the following is not true?a)Loss on reissue of shares cannot be more than the gain on forfeiture of those sharesb)Where all the forfeited shares are not reissued the share forfeited account will show a credit balance equal to gain on forfeiture of shares not yet issuedc)When the shares are forfeited, share premium is debited along with share capital where premium has not been receivedd)Where forfeited shares are issued at premium, the amount of such premium is credited to capital reserve account.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Which of the following is not true?a)Loss on reissue of shares cannot be more than the gain on forfeiture of those sharesb)Where all the forfeited shares are not reissued the share forfeited account will show a credit balance equal to gain on forfeiture of shares not yet issuedc)When the shares are forfeited, share premium is debited along with share capital where premium has not been receivedd)Where forfeited shares are issued at premium, the amount of such premium is credited to capital reserve account.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which of the following is not true?a)Loss on reissue of shares cannot be more than the gain on forfeiture of those sharesb)Where all the forfeited shares are not reissued the share forfeited account will show a credit balance equal to gain on forfeiture of shares not yet issuedc)When the shares are forfeited, share premium is debited along with share capital where premium has not been receivedd)Where forfeited shares are issued at premium, the amount of such premium is credited to capital reserve account.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.