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what is share warrent Related: Forfeiture and Reissue of Shares - Adv...
Forfeiture of share: when some or any shareholder fail to pay the call money, then the company cancelled his name ,that he is a shareholder. this is known as forfeiture of share : share capital a/c Dr ,securities premium a/c Dr ,calls in arear Cr ,forfeiture Cr.(discount a/c Cr)
Reissue of share: after forfeiture of share ,when this forfeited share are issued (as per company act) is called reissue of forfeited share. bank a/c Dr share forfeiture a/c Dr (for discount) share capital a/c Cr ,securities premium a/c Cr
(2) share forfeiture a/c Dr ,capital reserve a/c Cr (transfer of profit on reissue of share)
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what is share warrent Related: Forfeiture and Reissue of Shares - Advanced Corporate Accounting
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