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In the context of reissuing forfeited shares originally issued at a discount, how is the original amount of discount treated?
  • a)
    It is debited from the Share Forfeited Account when reissuing the shares.
  • b)
    It is credited to the Securities Premium Account when reissuing the shares.
  • c)
    It is transferred to the Capital Reserve Account after reissuing the shares.
  • d)
    It remains unaffected during the reissue process.
Correct answer is option 'D'. Can you explain this answer?
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In the context of reissuing forfeited shares originally issued at a di...
The original amount of discount remains unaffected during the reissuing process of forfeited shares originally issued at a discount.
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In the context of reissuing forfeited shares originally issued at a discount, how is the original amount of discount treated?a)It is debited from the Share Forfeited Account when reissuing the shares.b)It is credited to the Securities Premium Account when reissuing the shares.c)It is transferred to the Capital Reserve Account after reissuing the shares.d)It remains unaffected during the reissue process.Correct answer is option 'D'. Can you explain this answer?
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In the context of reissuing forfeited shares originally issued at a discount, how is the original amount of discount treated?a)It is debited from the Share Forfeited Account when reissuing the shares.b)It is credited to the Securities Premium Account when reissuing the shares.c)It is transferred to the Capital Reserve Account after reissuing the shares.d)It remains unaffected during the reissue process.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about In the context of reissuing forfeited shares originally issued at a discount, how is the original amount of discount treated?a)It is debited from the Share Forfeited Account when reissuing the shares.b)It is credited to the Securities Premium Account when reissuing the shares.c)It is transferred to the Capital Reserve Account after reissuing the shares.d)It remains unaffected during the reissue process.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the context of reissuing forfeited shares originally issued at a discount, how is the original amount of discount treated?a)It is debited from the Share Forfeited Account when reissuing the shares.b)It is credited to the Securities Premium Account when reissuing the shares.c)It is transferred to the Capital Reserve Account after reissuing the shares.d)It remains unaffected during the reissue process.Correct answer is option 'D'. Can you explain this answer?.
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