The loss/discount on re-issue of forfeited shares may be :

CS Executive · Corporate and Management Accounting · PYQS · December 2019
The loss/discount on re-issue of forfeited shares may be :
(A) Equal or exceed the forfeited amount
(B) Not exceed the forfeited amount
(C) Equal to amount of premium which were received at the time of original issue
(D) Not exceed the called up value of shares

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Company Accounts

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