Ch 6 · Company Accounts — Issue of Shares

5 concept points · 4 formulas · 4 exam-critical points.

🗺️ Chart summary

Application Money
       |
       v
   Allotment (pro-rata if over-subscribed)
       |
       v
   Calls (1st, 2nd, Final)
       |
       +--> Default --> Forfeiture --> Re-issue