Issue of Shares: Calls in Arrear, Advance & Pro-Rata Masterclass

Описание: Confused by Pro-Rata calculations? 😫 In this deep-dive masterclass, we break down a comprehensive 6-mark "Issue of Shares" problem from start to finish. Learn why most students get the "Calls-in-Arrear" figure wrong in Pro-Rata cases and how to master the complex Forfeiture and Reissue entries for Vinod Limited!

This video simplifies the entire lifecycle of a share—from over-subscription and the 3 alternatives for excess applications to the final transfer to Capital Reserve. We walk through a practical problem where a company issues 10,000 shares but receives 15,000 applications, requiring a Pro-Rata allotment.

You'll learn the "Golden Rule" for calculating arrears: You must find the Applied Shares first to account for the excess money already held by the company. We also cover the tricky timing of Forfeiture (occurring after the 1st call but before the 2nd) and how to calculate Capital Reserve using the unitary method when only a portion of shares are reissued. 🚀

✅ KEY LEARNINGS

OVER-SUBSCRIPTION RULES: The 3 methods to handle excess applications (Reject, Pro-Rata, or Combined).

THE PRO-RATA ARREAR TRAP: How to calculate the real amount not received from Shareholder X by adjusting excess application money.

CALLS-IN-ADVANCE: Recording the entry when Shareholder Z pays future calls during the allotment phase.

FORFEITURE TIMING: Why the "Called-up" value changes depending on when shares are seized.

SECURITY PREMIUM DEBIT: Learn exactly when to debit the Premium account during forfeiture (and when to ignore it).

CAPITAL RESERVE FORMULA: Mastering the proportional profit calculation for partially reissued shares.

⏰ CHAPTER TIMESTAMPS
00:05 — Introduction: 6-Mark Issue of Shares Concept
01:42 — Over-Subscription & The 3 Alternatives
04:49 — Practical Problem Setup: Vinod Limited Case Study
08:30 — Preparing Critical Working Notes (Face Value vs. Premium)
10:46 — Journal Entries: Application & Transfer (The Pro-Rata Mix)
20:14 — Allotment Due Entry & Handling Premium
30:22 — CRITICAL: Calculating X’s Real Calls-in-Arrear (The Pro-Rata Adjustment)
44:54 — Recording Calls-in-Advance for Shareholder Z
51:46 — First Call Calculations for Shareholders X & Y
59:22 — Forfeiture Entry for X: Calculating Called-up Value
01:09:51 — Second Call: Why we exclude Forfeited Shares from the Due amount
01:14:17 — Forfeiture Entry for Y: Full Call-up Scenario
01:17:17 — Reissue Entry: Recording the Discount on Shares
01:21:28 — Final Step: Calculating and Transferring to Capital Reserve

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Master Class 12 Accountancy with logical explanations. Don't forget to LIKE and SHARE this video with your classmates!

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