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Accounting treatment
Forfeiture of shares which were
issued at par: In this case,
following journal entry is to be
passed:
Share Capital A/C Dr (with the amt
called up)
Accounting Treatment
1. Journal entry on re issue of
shares at par (originally issued
at par or at premium):
. Cash A/C Dr (amt received on re
issue)
.
To Share capital (paid up value
of shares re issued)