Forfeited shares account:
The discount on reissue (paid-up value – reissue price) of forfeited shares is debited to ‘Forfeited shares account’. The accounting entry passed to record the same is:
Forfeited shares account:
The discount on reissue (paid-up value – reissue price) of forfeited shares is debited to ‘Forfeited shares account’. The accounting entry passed to record the same is: