Class XII Boards🔥Q8 | Oversubscription | Pro Rata | Premium in Allotment | Forfeiture and Reissue

Описание: In this video, we solve Question 8 of our Issue of Share Capital series, focusing on a high-weightage topic for Class 12 Accountancy Board Exams. This problem covers the critical combination of Oversubscription, Pro-Rata Allotment, and Securities Premium on allotment.
Understanding how to handle forfeiture when a premium is involved is one of the most common areas where students lose marks. This tutorial breaks down the logic step-by-step.
Key Learning Objectives:
• Pro-Rata Adjustment: Calculating excess application money and its adjustment towards allotment.
• Securities Premium Treatment: Handling the premium when a shareholder fails to pay the allotment money (The "Cancellation" rule).
• Detailed Working Notes: Calculating the exact amount of "Calls in Arrears" on allotment for pro-rata shareholders.
• Forfeiture & Reissue: Passing the correct journal entries for cancelling shares and reissuing them at a discount or premium.
• Capital Reserve: Final calculation of profit on reissue.
This session is perfect for CBSE, ISC, and State Board students looking to master the 8-mark comprehensive questions in Company Accounts.
Time Stamps
0:00 - Introduction & Question Breakdown
1:15 - Preparing the Analytical Table for Pro-Rata
3:30 - Working Note: Calculating Arrears on Allotment (Including Premium)
6:00 - Journal Entries: Application to First Call
8:45 - The Forfeiture Entry: Why we debit Securities Premium
11:20 - Reissue of Shares & Capital Reserve Calculation
13:00 - Summary & Presentation Tips for Boards

#class12boards
#issueofsharecapital
#premium
#oversubscription
#prorata
#shareforfeiture
#reissueofshares
#class12accounts
#boardexam2026
#cbseaccounts
#iscaccounts
#sharecapital
#commercestudents
#boardexampreparation
#VishwaAhuja
#vishwakul