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प्रश्न
What are the different ways in which the forfeited shares account can be used?
लघु उत्तर
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उत्तर
When the forfeited shares are reissued at a discount, the shortfall is recovered using the credit amount in the Forfeited Shares Account. After the reissue, any money left over in the Forfeited Shares Account is known as a Capital Profit and needs to be moved to a Capital Reserve so that losses or capital expenses can be written off.
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