Ch 6 · Company Accounts — Issue of Shares

🧮 Formula sheet

1. 1.Securities Premium credited only on receipt (per ICAI practice: on allotment).
2. 2.Forfeiture Credit = Amount called − Amount unpaid (excluding premium not received)
3. 3.Capital Reserve = Forfeited Balance after re-issue
4. 4.Pro-rata Allotment Ratio = Shares applied : Shares allotted