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What is the entry for forfeiture of shares?
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Answer / chinmay mishra
Share capital a/c dr(with the amount of money actually
called)
Securities premium a/c dr(if not received)
To unpaid calls a/c(call amount not received)
To disount on issue of share a/c(if shares were
at a discount)
To shares forfeited a/c(with amount already
received)
| Is This Answer Correct ? | 23 Yes | 4 No |
Answer / varun kumar gautam
share capital A/c ....
To forfeited share A/C
To various unpaid call A/c
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / gopal choudhary
share capital a/c dr
to share forfeiture a/c
| Is This Answer Correct ? | 13 Yes | 5 No |
Answer / tapan sanghvi
share application money Dr
to share forfeiture account
| Is This Answer Correct ? | 2 Yes | 18 No |
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