Class XII Boards🔥Q13 Issue of share capital | Forfeiture after every Instalment & partial reissue

In this video, we tackle a challenging Question 13 on the Issue of Share Capital, specifically focusing on the complex scenario of Forfeiture after every instalment and Partial Reissue. This is a high-level concept frequently tested in Class 12 Accountancy Board Exams.
Most students find it difficult to track the timing of forfeiture and the calculation of the Capital Reserve during a partial reissue. This tutorial simplifies the entire process.
Key Concepts Covered:
• Sequential Forfeiture: How to pass forfeiture entries when shares are cancelled at different stages (after Allotment, First Call, etc.).
• Called-up Value Logic: Determining the correct 'Called-up' amount for each forfeiture entry.
• Partial Reissue: Calculating the amount to be transferred to the Capital Reserve when only a portion of forfeited shares are reissued.
• Pro-rata Linkage: Handling the adjustment of excess application money in complex forfeiture cases.
Whether you are a CBSE or ISC student, mastering these "step-by-step" forfeiture entries is the key to scoring full marks in the long questions of Company Accounts.
Time Stamps
0:00 - Introduction & Question Analysis
1:15 - Forfeiture Case 1: After Allotment
3:45 - Forfeiture Case 2: After First Call
6:30 - The Reissue Entry: Understanding the Bank Debit
8:15 - Working Note: Calculating Capital Reserve for Partial Reissue
10:30 - Final Summary & Common Mistakes to Avoid

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