50 shares 100/each were forfeited issued at premium of 10%
allot-30(includin premium)
1st call-30
2nd call-20
defaulted at allot stage & forfeited upon subsequent failure to pay call money........
20 of these shares reissued
80 called up for 80/share..profit on re issue?
pls xplain wth detailed ans its urgent pls....
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what mr harish asked and what is your reply ms. aishwarya....?
Aishwarya says, he should go to AIMS (Institute of Commerce) for getting that query resolved!!!
You have written the data in short. I didnt get your data completly . I am providing you the link for a ans of similar question. I hope your query will be solved:-
/forum/please-help-me-on-finding-out-the-answer-for-forfeiture-shar-222184.asp#.ULiJZFJK31U
ya the information provided is not full and clear... the answser provided by Mr. CAManish Malu would resolve... as that is giving the clarifty of the concept....
| Originally posted by : harish ragav | ||
 |
50 shares 100/each were forfeited issued at premium of 10% allot-30(includin premium) 1st call-30 2nd call-20 defaulted at allot stage & forfeited upon subsequent failure to pay call money........ 20 of these shares reissued 80 called up for 80/share..profit on re issue? pls xplain wth detailed ans its urgent pls.... |
 |
Harish i am not clear on your question but i am replying on assumption....company received Rs.20 per share at the time of application and same amount is offered as discount i.e Rs.20 per share on reissue therfor no profit no loss situation. or if only 20 per share is received than loss is of Rs.20 per share (original price is 120, 20 received on application,reissued at 80 therfor 120-20-80=20 loss per share)
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