Answer this plz Q) If a share of Rs 10 issued at a premium of Rs 2 - Accountancy - Accounting for Share Capital

Question

Answer this plz
Q) If a share of Rs 10 issued at a premium of Rs 2 on which Rs 6
(including premium) has been paid is forfeited At what minimum rice
it can be reissued?

Neha A. · Accepted Answer

Hi Chakshu,

The forfeited share can be re-issued at the minimum price of Rs
6

Credit Balance in Share Forfeiture A/c: Rs 4 (excl Premium)

This credit balance reflects the maximum discount that can be
allowed on re-issue Hence, if a Rs 10 share is offered at a
discount of Rs 4, then the price that will be received is Rs 6

Answer this plz Q). If a share of Rs. 10 issued at a premium of Rs. 2 on which Rs. 6 (including premium) has been paid is forfeited. At what minimum rice it can be reissued?

Answer this plz
Q). If a share of Rs. 10 issued at a premium of Rs. 2 on which Rs. 6 (including premium) has been paid is forfeited. At what minimum rice it can be reissued?