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...

[@suhelshah12]

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[@hrishikeshrbhat4648]

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[@raghavpandey3941]

There is a virat also on accounts adda Rohit sharma- Rajat Arora 😂

[@furiousgaming7538]

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

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Bcz those people who disliked his videos , aren't interested on studying. ........so don't think about them dear , let u focus in ur studies. ....

[@Amrat03]

8:00 Sir kamre me paadne Gaye the

[@ash-vd8zv]

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

[@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❓❓

[@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☺️

[@kapilsahu7878]

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

[@taniska8374]

Sir you are really one of the best teacher i have came across! 💛 it's really very helpful!

[@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.

[@divyanshdamde1452]

Best teacher of commerce

[@avneeshkumar1]

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

[@unbelievablearts786]

Thanks

[@gargipandey332]

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

[@suryadutta2695]

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

[@nishantavasti9962]

Your way of teaching is outstanding sir

[@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 ❓

[@jyotisingh9727]

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

[@ganeshsgurav691]

Thank you so much Sir ❤️

[@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

[@studytime4474]

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[@suyashmogra9916]

helpful for revison

[@CArukaiyaansari]

Awesome way of teaching sir

[@tradinginzones.slhunting4356]

Thank you very much sir ji🙏

[@vijayalakshmi-dj6ng]

Excellent Lecture sir. Many thanks.

[@amritaraj2484]

Sir you are superb and excellent. Thank you so much

[@rahulpisat4143]

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

[@aniketpriyanshu7339]

It helps me lot for quick revision thank you sir

[@nirjapradhan1661]

Thank you sir... It is very helpful

[@SarfarazKhan-lb2cs]

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

[@seriesshorts4652]

Love you sir 🎉❤

[@AmanKumar-vj3mk]

THANKS A LOT SIR...

[@mrinalambasta7756]

Really great sir

[@syedduaaa1952]

Plxx show question on screen🙏🙏🙏🙏

[@ShivaniSingh-wu7zv]

Thankyou sir 😇

[@jagrajsingh3168]

Amazinggggg❤❤❤

[@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.

[@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??

[@Nehasingh-tq9tw]

thankyou sir for this helpful video on forfeiture of shares

[@MunnaKumar-qz2ok]

neha singh gghjjj

[@kinjalchoudhary2809]

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

[@mohnishshukla7]

Sir n bnayi hai video uspe

[@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..

[@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

[@swarupdhal4014]

Very simple to understand any topic

[@manoj3narayanrayamajhi602]

TQ Guruji 👍👍📚🌻💯

[@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.

[@dhawankarele1024]

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

[@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

[@SunitaSingh-og7vi]

Damn good

[@amritaraj2484]

Please write questions of given solutions of it. Thank you

[@divyakamboj4331]

Thank you sir

[@manoharmishra5477]

Thank u sir 🏵🏵🏵🏵

[@syedwaseem3878]

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

[@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

[@virendrasingh-xe9kp]

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

[@itsshoetime3023]

Yeh hai guys C.A ka kmaal 🙏

[@sandeepkumar-sz5xg]

😭 thank you !!!!!

[@nirajkumaryadav9552]

Nice concept sir

[@souravbadhai2733]

Thanks a lot sir for such wonderful teaching 😋😋😋

[@marotisuryatal8452]

Thanks 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

[@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

[@deverse_]

Sir please video me mention kr dia kriye questions

[@gamerschoice779]

description me hai bhai

[@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

[@MohitSharma-hq6he]

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

[@lakshmikumari9227]

Sir, you are great teacher

[@suryanshsharma5984]

Thank u sir

[@rajeshsoni8301]

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

[@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 ?

[@habibamasood9708]

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

[@revcrew2700]

Question in description!

[@krishnakhetan3007]

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

[@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..

[@sarveshsharma2049]

Thanx sir ji

[@ranjnasandeep]

Sir white board problm है मोबाइल पे

[@AnilKumar-ey2yp]

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

[@shankarmahto2751]

Jab allotment ke bad forfeited ho aur final call ke bad v ho... to capital reserve kaise nikalenge?

[@akshayajayakumar527]

Amount received - discount(if any)

[@ankitkumar861]

Did you got the answere....... if yes......can you please explain me also

[@kanaramkumhar3600]

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

[@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

[@niketsingh791]

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

[@neerajkhandekar4328]

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

[@GurjotSingh-ft6jc]

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

[@pijushnandy9625]

Sir issue of shares ka notes kaha milega???

[@rajeshsoni8301]

thanks a lot of

[@razeevsaikia6363]

Questions of this ans?

[@VandanaKumari-ym4tl]

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

[@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 💯📚📚

[@ronak5929]

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

[@simranjha6863]

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

[@zakariyabarbhuiya2744]

sir tenk you so much..

[@vishalsahani9784]

Sir last me smje nhi aa rha

[@vikashbrothers2886]

Thank you sir a lot

[@yogitakelkar1042]

Ausom

[@vishaljoshi2402]

Sir non payment of allotment waly case may kya kar na padth hy

[@knowledgetak5312]

tnx sir

[@ishannegi2130]

yaar koi is video ka question btado

[@gamerschoice779]

check description

[@dharmvirchaudhary2769]

sir i want ask a question can u tell me

[@anilupadhyay1394]

sir for which book you have teach. ..

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Nice

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sir i want ask a question