The 3-step formula examiners love. Master it once and forever.
A Quick Story
Think of Shares Forfeited A/c as a piggy-bank holding the defaulter’s money. When you reissue the shares, you may need to break some of that piggy-bank to give a discount. Whatever is left over after the discount is your profit — and that profit must go to Capital Reserve.
Practical sums
Swathika B is an MBA graduate in Finance & Business Analytics , the founder of The Commerce Lab. With a strong academic foundation in B.Com BFSI and hands-on experience in financial analysis, data analytics, and business studies, she created this platform to make Commerce and Accountancy simple, practical, and exam-ready for students across India.