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What is Forfeiture and Reissue of Shares Explained about?

The document discusses the journal entries related to the issue, forfeiture and reissue of shares by a company. It provides an example where a company issued shares at a premium, and one shareholder failed to pay the call money, resulting in the forfeiture of their shares. Those forfeited shares were later reissued to another person at a higher price. The key events summarized are: 1) A company issued shares at a premium, with one shareholder failing to pay the call money. Their shares were forfeited aft

Author

Kaustubh Basu

Language

EN