World's Largest Online Tutoring Websites

Home › Academic Forum › Commerce › What is the exact accounting entry for reissu...
All Questions
AK
Ananya Kapoor
CBSE Class 12 Commerce • Asked 46 mins ago
Commerce Needs Answer

What is the exact accounting entry for reissue of forfeited shares originally issued at a premium?

When shares are forfeited for non-payment of allotment money (which included securities premium), does the premium amount get reversed in Securities Premium Reserve A/c or does it remain untouched?
Community Answers & Discussion (0)
  • No community answers yet. Be the first to share an explanation or step-by-step solution!
Write your Answer or Explanation
Academic standards apply.