Class XII Boards🔥Q9 | Oversubscription | Pro Rata | Premium in Allotment | Forfeiture and Reissue

In this video, we solve Class XII Boards 🔥 Q9 – Issue of Share Capital, covering an important board-exam case involving shares issued at premium payable on allotment, oversubscription with pro-rata allotment, and the complete accounting treatment of forfeiture and reissue of shares.

This type of question is frequently asked in CBSE & ISC Board Exams and is considered highly scoring when written in the correct format.

🔍 What you’ll learn in this video:
• Issue of shares at premium payable on allotment
• Meaning and treatment of Oversubscription of shares
• Pro-rata allotment and adjustment of excess application money
• Accounting treatment of forfeiture of shares for non-payment
• Accounting treatment of reissue of forfeited shares
• Correct journal entries as per CBSE & ISC board format
• Step-by-step exam-oriented working
• Common student mistakes in premium & oversubscription questions

📌 This video is extremely useful for:
• CBSE Class XII Accounts Board Exam 2026
• ISC Class XII Accounts
• Students preparing Issue of Share Capital full-length questions
• Mastering combined concepts: Premium + Oversubscription + Forfeiture + Reissue

👉 Watch till the end to clearly understand how all these adjustments are handled together in one single question, explained in a simple, clear, and board-friendly manner.

📚 Chapter: Issue of Share Capital
🎯 Question Type: Board Pattern | Premium + Oversubscription

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