Issue of Shares Problem Solving

The video tutorial covers the process of issuing shares, including the calculation of premiums and the handling of non-payment scenarios. It provides detailed instructions on journal entries for share transactions, including application, allotment, and calls. The tutorial also explains the forfeiture of shares and how to present these transactions in the balance sheet. Tips for ensuring accurate journal entries are provided throughout.

What happens to the calls in arrears account when a shareholder's shares are forfeited?

How should the balance sheet be presented after the forfeiture of shares?

What are the key points to remember when passing journal entries in this chapter?