Discount allowed on re-issue of forfeited shares is debited to :

Name: Discount allowed on re-issue of forfeited shares is debited to :
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

When shares are forfeited, any discount allowed on their re-issue is debited to the Share Forfeiture Account. This is because the Share Forfeiture Account represents the amount received on these shares before they were forfeited, and using this account to absorb the discount on re-issue effectively recovers some of the lost value from the forfeiture.

Discount Allowed on Re-Issue of Forfeited Shares Is Debited to