the calles in arrear are deducted from the forfited amount of share at the time of forfiture. if the company has not deducted the same & shown in the balance sheet. at present company r3eissued the forfited share so what is the treatment of calles in arrear after reissue.
26 May 2010
The calls in arrears have to adjusted against the forfeited amount. If not done earlier, then now at the time of re-issue in a manner that the net impact remains the same.
CAclubindia
