Understanding the Different Cases of Share Forfeiture and Reissue

The video tutorial covers various cases of share forfeiture and reissue, focusing on journal entries for different scenarios. It explains the process of handling forfeited shares, including cases with partial calls, premium received, and premium not received. The tutorial emphasizes the importance of correctly transferring balances to capital reserves and provides detailed examples for each case.

What is the primary focus of the session on forfeiture and reissue of shares?

• Calculating share premium

• Basic entries of share issue

• Understanding share applications

• Different cases of forfeiture and reissue

In Case A, what is the total calls in arrears for the forfeited shares?

• 600

• 500

• 300

• 400

For Case A, what is the amount transferred to the capital reserve after reissue?

• 400

• 500

• 300

• 200

In Case B, what is the called-up value per share before forfeiture?

• 4

• 8

• 6

• 10

For Case B, what is the discount per share utilized from the share forfeited account?

• 4

• 3

• 2

• 1

In Case C, what is the face value of the shares originally issued at a premium?

• 8

• 10

• 12

• 14

For Case C, how many shares are reissued at a discount?

• 300

• 200

• 400

• 100

In Case D, what is the premium per share that was not received?

• 2

• 3

• 5

• 4

For Case D, how many shares are reissued at a premium?

• 300

• 250

• 200

• 150

In Case D, what is the amount transferred to the capital reserve for the reissued shares?

• 500

• 600

• 700

• 750