Forfeiture of Shares issued at Premium (Pro-rata Based)

#ForfeitureOfShares #ProRata #Accounting
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Explained the procedure and concept of calculating advance from members of the group allotted shares on pro rata basis. Further journal entries relating to forfeiture, reissue and capital reserve is shown.
Question Information :
Dharmender Ltd. offered to the public 20,000 shares of Rs.100 each at a premium of Rs.20 payable as follows :
Application - Rs.20 per share 1st Call - Rs.25 per share
Allotment - Rs.50 per share 2nd Call - Rs.25 per share
Applications were received for 35,000 shares out of which those for 10,000 shares were rejected outright; full allotment was made to the applicants for 5,000 shares and pro-rata allotment was made to balance.
Final Call was not made and a shareholder holding 300 shares to whom allotment was made on pro-rata basis failed to pay the allotment and first call money. His shares were forfeited. All the forfeited shares were reissued at Rs.70 per share as Rs.75 paid up. Pass Journal entries
Student can also watch following lectures related with the same topic :
1. Issue of shares for consideration other then cash :
• Issue of shares for co...
2. Pro-rata based Forfeiture and Reissue of Shares :
• Pro-rata based Forfeit...
3. Issue of Shares (Pro-rata Based) :
• #3 Issue of Shares (Pr...
4. Forfeiture and Reissue of Shares (without pro-rata) :
• Video
5. Forfeiture of Shares - Hidden Adjustment of Premium (Pro-rata allotment) :
• Forfeiture of Shares -...
Students can download relevant study material from the below mentioned link for better understanding of the concepts...
Download Assignments: drive.google.c...

[@furiousgaming7538]

I just wasted 1 week to solve that allotment problem and u came as a blessing to me

[@ishadas3828]

Best teacher I have ever seen... Your explanation is just amazing.. I can say it with guarantee without this explanation it would have been impossible for me to solve this type of sums.. Thanks alotttttt❤

[@suhelshah12]

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[@hrishikeshrbhat4648]

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[@ash-vd8zv]

15:30 solved my problem. Really helpful. Thank you sir.

[@nishajaiswal1972]

App ki sab video bahut hi achi hai sir aap ke video ne mere exam me bahut halp ki hai mere sare problems solve ho Gaye thank you sir turion se acha aap ka video dekhana hai☺️

[@urvashibari4922]

Thank you sir. Your teaching is so good and helpful to understand that all concepts.

[@khushi1625]

Amazing way of teaching sir!!u made such a complicated sum into an easy one . Tq sir

[@thehuskymoon9808]

Z Ltd. invited applications for issuing 40,000 equity shares of rs 10 each at a premium of rs 2 per share. The amount was payable On Application rs 6 (including premium) and balance on Allotment Applications for 50,000 shares were received. Pro-rata allotment was made to all applicants. Excess money received on application A shareholder, to whom 8,000 shares were allotted, failed to pay the allotment money and therefore, his shares were forfeited. Later on, the forfeited shares were reissued for 70,000 as fully paid-up. Pass necessary journal entries in the books of Z Ltd. will you please solve this question❓❓

[@kapilsahu7878]

Thank you so much sir aapke vjh se aaj me issue of share ka question attempt ker paya🙏🏻💗

[@taniska8374]

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[@divyanshdamde1452]

Best teacher of commerce

[@nishantavasti9962]

Your way of teaching is outstanding sir

[@avneeshkumar1]

Thank you so much sir now I understood this topic clearly.

[@gargipandey332]

thanks a lot sir apki wajah se inna bada doubt clear hua h mera ..tysm..

[@jyotisingh9727]

aap Kisi bhi questions ko bhut easily trike se btate h tq sir 😊

[@suryadutta2695]

I watch your video, I find your video very useful Sir

[@studytime4474]

Ur amazing Sir n ur way of teaching, 👍

[@monikasaini3962]

Thank you sir your all vidios are unbelievable🙂🙂🙂

[@thehuskymoon9808]

Z Ltd. invited applications for issuing 40,000 equity shares of rs 10 each at a premium of rs 2 per share. The amount was payable On Application rs 6 (including premium) and balance on Allotment Applications for 50,000 shares were received. Pro-rata allotment was made to all applicants. Excess money received on application A shareholder, to whom 8,000 shares were allotted, failed to pay the allotment money and therefore, his shares were forfeited. Later on, the forfeited shares were reissued for 70,000 as fully paid-up. Pass necessary journal entries in the books of Z Ltd. will you please solve this question ❓

[@ganeshsgurav691]

Thank you so much Sir ❤️

[@Amrat03]

8:00 Sir kamre me paadne Gaye the

[@tradinginzones.slhunting4356]

Thank you very much sir ji🙏

[@amritaraj2484]

Sir you are superb and excellent. Thank you so much

[@aryamusale379]

Sir ... Thank you so much! After watching 2-3 videos Finally this concept has taken roots in my brain. Thanks again sir!

[@Sanjaypatil-ed6wv]

SM HERE @ARYA MUSALE ...@C.A. NARESH AGGARWAL THANK YOU SO MUCH SIR

[@MohitSharma-hq6he]

Can u help me arya g

[@suyashmogra9916]

helpful for revison

[@aniketpriyanshu7339]

It helps me lot for quick revision thank you sir

[@AmanKumar-vj3mk]

THANKS A LOT SIR...

[@seriesshorts4652]

Love you sir 🎉❤

[@CArukaiyaansari]

Awesome way of teaching sir

[@thehuskymoon9808]

Z Ltd. invited applications for issuing 40,000 equity shares of rs 10 each at a premium of rs 2 per share. The amount was payable On Application rs 6 (including premium) and balance on Allotment Applications for 50,000 shares were received. Pro-rata allotment was made to all applicants. Excess money received on application A shareholder, to whom 8,000 shares were allotted, failed to pay the allotment money and therefore, his shares were forfeited. Later on, the forfeited shares were reissued for 70,000 as fully paid-up. Pass necessary journal entries in the books of Z Ltd.

[@jagrajsingh3168]

Amazinggggg❤❤❤

[@manoj3narayanrayamajhi602]

TQ Guruji 👍👍📚🌻💯

[@vijayalakshmi-dj6ng]

Excellent Lecture sir. Many thanks.

[@nirjapradhan1661]

Thank you sir... It is very helpful

[@SarfarazKhan-lb2cs]

Very helpful in my study .Thank you so much sir 😇😇

[@ShivaniSingh-wu7zv]

Thankyou sir 😇

[@nirajkumaryadav9552]

Nice concept sir

[@swarupdhal4014]

Very simple to understand any topic

[@rahulpisat4143]

sir i have question that why security premium not considered by you at the time of reissue?

[@manoharmishra5477]

Thank u sir 🏵🏵🏵🏵

[@itsshoetime3023]

Yeh hai guys C.A ka kmaal 🙏

[@Nehasingh-tq9tw]

thankyou sir for this helpful video on forfeiture of shares

[@MunnaKumar-qz2ok]

neha singh gghjjj

[@amitkumardas7851]

Sir thank you very much. You made accountancy so easy. Sir, please provide us with the practice set you are referring to so that we can do practise. Thank you once again sir.

[@SunitaSingh-og7vi]

Damn good

[@souravbadhai2733]

Thanks a lot sir for such wonderful teaching 😋😋😋

[@rajatkataria29]

Sir suppose in case of pro rata if we issue less shares then how to calculate the amount which has been transfered to capital reserve.

[@sandeepkumar-sz5xg]

😭 thank you !!!!!

[@syedwaseem3878]

U r Teaching is Really superbb sir...Thank you so much ✨

[@ronit4714]

Sir jinke shares partially reject kiye hi..unki AMT allotment me adjust krte hi..agr yh que me kaha ho tabhi adjust krna hi?? ya hum apni choice se bhi adjust KR sakte hi??

[@mohasif3727]

You are great

[@therisingshayari5238]

Sir I want to ask you When I was doing a sum I got my amt of forfeiture amt by calculating application money with allotted shares and not applied shares how can this happpen sirr

[@dhawankarele1024]

Sir Saab samaz me aagayee ...but ek bat nahi samzi Interest on calls in arrears ye revenue or Capital income h

[@kanaramkumhar3600]

Woooooooooow it's really nice and helpful Thanks a lot sir More videos please

[@MohitSharma-hq6he]

Sir 2000 samjh nhi aya kaise nikala tha apne. Mujhe bhaut problem hai prorata m sir plz help me sir 👏👏

[@krishnakhetan3007]

Notes kaha se milega Jo aap video mein refer kar rahe h

[@neerajkhandekar4328]

sir yr concept is so easy to understand.. thnk uu sir

[@Kishan_Kanodia]

Sir 1 question hai isme jo adv. Mila hai wo to 5,000 share pr mila hai n to phir use 15,000 share se kaise calculate krenge

[@habibamasood9708]

sir please please alotment ki recive entry bata diye samj nahi a rahi hai

[@amritaraj2484]

Please write questions of given solutions of it. Thank you

[@navjotkaurchawla8082]

In fourth entry , if I wanna use CALLS IN ARREAR , then the amts. are different..I just wanna comfirm that will my fourth entry be correct if I do it in this way :- Bank a/c {(19700*50) - 1,00,000} Dr. 8,85,000 Calls in arrear a/c (300*50) Dr. 15,000 To share allot. (20,000*50) 1,00,000 Pls someone do consider it and just help me out if it is wrong..

[@krishnapandey5800]

Sir namaste, i am from Nepal, i have a bit of confusion about the case of forfeiture , re issue and transfer of forfeited amount, what will be the forfeiture re issue and transfer entry for forfeited of 300 shares @100 each at 5 discount because of non payment allotment and calls 75 each and re issue @105 each. please send the journal

[@CANareshAggarwal]

Wrong statement it can't be 75 EACH as share value is 100

[@virendrasingh-xe9kp]

Dear sir forfeiture share pro rata journal entry question ke sath answer karaayen. Question screen main dhakaye.

[@kinjalchoudhary2809]

Sr plzz make us understand about oversubscription nd forfeiture at par nd premium both....

[@mohnishshukla7]

Sir n bnayi hai video uspe

[@ankitkumar861]

A ltd invited application for 500000 shares of 10 each.payments were to be made 2 on application,3 on allotment and 5 on first call.all the shares were applied for 8000 fully paid shares issued to promoters for their services.shares issues expenses amounted to 16000.pass j.e assuming that all the sum due on allotment and call have been received......... sir please help me to solve this

[@sarveshsharma2049]

Thanx sir ji

[@rajatindauliya7079]

Sir baki chapters ke assignments nahi h apki assignment link pr sirf partnership k h...please dissolution aur company accounts k bhi assignments upload kar dijiye....thank you sir

[@lakshmikumari9227]

Sir, you are great teacher

[@niketsingh791]

Sir calls in advance and calls in arrears open karke nhi dikha skte hai kya

[@abhishekpuri9870]

Thanks

[@rajeshsoni8301]

call in advance samajh nahi aaya ye 7 th entry kase hui isko thoda or explain karenge please

[@deverse_]

Sir please video me mention kr dia kriye questions

[@gamerschoice779]

description me hai bhai

[@AnilKumar-ey2yp]

Sir pro rata based question me ek entry call in advance bhi to date hn na co kaise krna h

[@twinkleverma1923]

Sir I have a question Forfeiture amt. 4000 300 shares are forfeited and reissued at share value Rs. 60 and Rs. 70 paid up ? Ans. Capital reserve 600 But Mera answer 1000 aa Raha hai

[@shashankmishra9911]

Doubt solve hua ya me kru ?

[@ariee101]

@@shashankmishra9911 aap kariye na Same Doubt

[@syedduaaa1952]

Plxx show question on screen🙏🙏🙏🙏

[@pijushnandy9625]

Sir issue of shares ka notes kaha milega???

[@VandanaKumari-ym4tl]

Sir aapki likhai saaf nhi dikh rhi,board per camera ko aur achche se focus kijiye

[@revcrew2700]

Question in description!

[@AslamShaikh-dl3gj]

Thank you sir

[@vishalsahani9784]

Sir last me smje nhi aa rha

[@RohitSingh-ip2zx]

Sir u can't show questions in your video plz sir reply me and snd me questions for prsnl

[@gamerschoice779]

description me hai bhai

[@rajeshsoni8301]

thanks a lot of

[@GurjotSingh-ft6jc]

Hlo sir mera dout eh hai k hame kese pata lagega k hame allowd and apply share calculate karne hai

[@rajeshkumarjoshi1813]

thanks sir

[@simranjha6863]

Worth watching.thnk u sir Sir, buy back or consolidation ka video h kya link pe?

[@ashishsarin3862]

sir where is your institute

[@CANareshAggarwal]

New Delhi

[@rakeshroshan2729]

sir new Delhi me kha

[@CANareshAggarwal]

Patel nagar

[@educationalt.v3402]

Patel nagar

[@manoj3narayanrayamajhi602]

@@CANareshAggarwal sir institute name is academy of account isn't so after plus two I want to join in ur institute 💯📚📚

[@razeevsaikia6363]

Questions of this ans?

[@Iconindia7]

Nice

[@knowledgetak5312]

tnx sir

[@ronak5929]

Sir suppose ek shareholder ram allotment money nahi deta toh entry kya hogi

[@zakariyabarbhuiya2744]

sir tenk you so much..

[@dharmvirchaudhary2769]

sir i want ask a question can u tell me

[@bhawnaa714]

Thanku so much Sir😀

[@shivang.garg02]

Thanks sir for such knowledgeably video..... But in a question, i study that... IF AMT IS ALSO PAYBLE ON APPLICATION+PRO RATA ALLOT. IS THERE, then we also have to adjust SEC.PREM.RESERVE At the time of forfieture... As excess amt. On application also includes sec.prem.reserve which was adjusted towards allotment

[@shivang.garg02]

This mean if application money also includes sec.prem.reserve..

[@dharmvirchaudhary2769]

sir i want ask a question

[@jyotibhushansingh3657]

Sir when a person applies in pro rata group will he be allotted same number of shares ? I think cross multiplication is required . Thank you

[@yogitakelkar1042]

Ausom

[@rinkiram4629]

Sir app ka mcq sem4 hair kya

[@rinkiram4629]

Vedio

[@vikashbrothers2886]

Thank you sir a lot

[@akshatjoshi6848]

Which book?

[@ishannegi2130]

yaar koi is video ka question btado

[@gamerschoice779]

check description

[@ranjnasandeep]

Sir white board problm है मोबाइल पे