CBSE Class 12 Accountancy Forfeiture and Reissue of Shares Assignment

Read and download the CBSE Class 12 Accountancy Forfeiture and Reissue of Shares Assignment for the 2025-26 academic session. We have provided comprehensive Class 12 Accountancy school assignments that have important solved questions and answers for Part 2 Chapter 1 Accounting For Share Capital. These resources have been carefuly prepared by expert teachers as per the latest NCERT, CBSE, and KVS syllabus guidelines.

Solved Assignment for Class 12 Accountancy Part 2 Chapter 1 Accounting For Share Capital

Practicing these Class 12 Accountancy problems daily is must to improve your conceptual understanding and score better marks in school examinations. These printable assignments are a perfect assessment tool for Part 2 Chapter 1 Accounting For Share Capital, covering both basic and advanced level questions to help you get more marks in exams.

Part 2 Chapter 1 Accounting For Share Capital Class 12 Solved Questions and Answers

Q. 1 Ak Ltd. forfeited 300 shares of ₹ 10 each, fully called up, held by Ram for non-payment of allotment money of ₹ 3 per share and final call money of ₹ 4 per share. Out of these shares 250 were re-issued to Shyam for a total payment of ₹ 2,000. Give Journal entries for forfeiture and re-issue.
Ans : Capital Reserve ₹ 250
 
Q. 2 A limited Company forfeited 100 equity shares of the face value of ₹ 10 each, ₹ 6 per share called up, for non payment of first call of ₹ 2 per share. The forfeited shares were subsequently re-issued as fully paid @ ₹ 7 each. Give necessary entries in company's Journal.
Ans : Capital Reserve ₹ 100
 
Q. 3 1,000 shares of ₹ 10 each issued at par were forfeited for the non payment of the final call of ₹ 2 per share. These shares were re-issued @ ₹ 8 per share fully paid up. Journalise the forfeiture and re-issue of shares.
Ans : Capital Reserve ₹ 6,000
 
Q. 4 Taxneco Limited had issued capital of 2,00,000 Equity shares of ₹ 20 each, on which ₹ 17.50 per share has been called-up. calls-in-arrears in respect of 200 shares held by P amounted to ₹ 1,000 on September 30, 2012. By a resolution of the Board of Director dated the October 10, 2012, these 200 shares were forfeited and reissued at ₹ 12.50 per share paid in consideration of ₹ 2,000 and immediate payment of ₹ 5 per share in cash to make them ₹ 17.50 per share paid-up. Record Journal entries in the books of Taxneco Limited to record the above.
Ans : Capital Reserve ₹ 2,000
 
Q. 5 PS Ltd. forfeited 500 Equity Shares of ₹ 100 each for the non-payment of first call of ₹ 30 per share. The final call of ₹ 10 per share was not yet made. The forfeited shares were reissued for ₹ 65,000 fully paidup.
Pass the necessary Journal entries.
Ans : Capital Reserve ₹ 30,000
 
Q. 6 SSS Ltd. forfeited 1,000 Equity shares of ₹ 100 each for the non-payment call ₹ 20 per share and second and final call of ₹ 25 per share. State :-
(i) Can these shares be reissued ?
(ii) If yes, state the minimum amount at which these shares can be reissued ?
(iii) If these shares were reissued at ₹ 50 per share fully paid-up, what will be the amount of Capital Reserve ?
Ans : (i) Yes, (ii) ₹ 45, (iii) ₹ 5,000
 
Q. 7 M Limited forfeited 2,000 equity shares of ₹ 10 each, issued at a premium of ₹ 5 per share, held by Ram for non-payment of the final call of ₹ 3 per share. Of these, 100 shares were re-issued to Vishu at a discount of ₹ 4 per share.
Ans : Capital Reserve ₹ 300
 
Q. 8 X Ltd. forfeited 1,000 shares of ₹ 10 each (₹ 8 called up) for the non-payment of the allotment money of ₹ 5 per share including ₹ 2 as premium. Of these 800 shares were re-issued to S at ₹ 7 per share as ₹ 8 called up. Journalise the above transactions in the books of X Ltd.
Ans :   Capital Reserve ₹ 3,200
 
Q. 9 A company forfeited 100 equity shares of ₹ 100 each issued at a premium of 50% (to be paid at the time of allotment) on which first call money of ₹ 30 per share was not received; final call of ₹ 20 is yet to be made. These shares were subsequently re-issued at ₹ 70 per share as ₹ 80 paid up. Give necessary Journal entries regarding forfeiture and re-issue of shares.
Ans : Capital Reserve ₹ 4,000
 
Q. 10 50 shares of ₹ 10 each issued at a premium of ₹ 5 each payable with allotment were forfeited for the non-payment of allotment money of ₹ 9 per share including premium. The first and final call on these shares at ₹ 3 per share were not made. The forfeited shares were re-issued @ ₹ 12 per share fully paid up.
Journalise.
Ans : Capital Reserve ₹ 150
 
Q. 11 The Directors of a company forfeited 200 shares of ₹ 10 each issued at a premium of ₹ 3 per share, for the non-payment of the first call money of ₹ 3 per share. The final call of ₹ 2 per share has not been made. Half of the forfeited shares were reissued for ₹ 1,000 fully paid. Record the journal entries for the forfeiture and reissued of shares.
Ans : Capital Reserve ₹ 500
 
Q. 12 X Ltd. forfeited 150 shares of ₹ 20 each issued at a premium of ₹ 5 per share for the non payment of the second and final call of ₹ 7 per share. 100 of these shares were reissued @ ₹ 21 per share fully paid.
Journalise the above transactions regarding the forfeiture and reissue.
Ans : Capital Reserve ₹ 1,300
 
Q. 13 M Ltd. forfeited 2,000 shares of ₹ 10 each (Fully called-up) for the non-payment of the allotment money of ₹ 6 per share including ₹ 2 as premium. Of these, 1,500 shares were reissued to A at ₹ 9 per share fully paid. Journalise the above transactions regarding the forfeiture and reissue in the books of M Ltd.
Ans : Capital Reserve ₹ 7,500
 
Q. 14 Mahan Limited forfeited the following Equity Shares of ₹ 10 each issued at a premium of ₹ 2 per share :-
(i) 700 shares issued to X for the non-payment of second and final call of ₹ 3 per share.
(ii) 500 shares issued to Z for the non-payment of first call of ₹ 2 per share and second and final call of ₹ 3 per share.
The forfeited shares were reissued to Y for ₹ 11 per share fully paid. Pass the necessary Journal entries to record the forfeiture and reissue of shares.
Ans : Capital Reserve ₹ 7,400
 
Q. 15 TAG Ltd. forfeited 400 shares of ₹ 10 each issued at a premium of ₹ 1 per share for the non-payment of allotment money of ₹ 4 per share (Including premium). The first and final call of ₹ 3 per share has not been made as yet. 50% of the forfeited shares were reissued at ₹ 8 per share fully paid-up. Pass the necessary entries for the forfeiture and reissue of shares.
Ans : Capital Reserve ₹ 400
Part 1 Chapter 01 Accounting for Partnership : Basic Concepts
CBSE Class 12 Accountancy Accounting for partnership firms Fundamentals Assignment
Part 1 Chapter 02 Reconstitution of a Partnership Firm Admission of a Partner
CBSE Class 12 Accountancy Admission of a Partner Assignment
CBSE Class 12 Accountancy Reconstitution Of Partnership Assignment Part A
CBSE Class 12 Accountancy Reconstitution Of Partnership Assignment Part B
Part 1 Chapter 03 Reconstitution of a Partnership Firm Retirement/Death of a Partner
CBSE Class 12 Accountancy Retirement and Death of Partner Questions
Part 1 Chapter 04 Dissolution of Partnership Firm
CBSE Class 12 Accountancy Dissolution of Partnership Firm Assignment
Part 2 Chapter 01 Accounting for Share Capital
CBSE Class 12 Accountancy Accounting For Share Capital and Debenture Assignment
CBSE Class 12 Accountancy Company Accounts Share Capital Assignment
CBSE Class 12 Accountancy Forfeiture and Reissue of Shares Assignment
CBSE Class 12 Accountancy Issue of Shares Assignment
Part 2 Chapter 02 Issue and Redemption of Debentures
CBSE Class 12 Accountancy Accounting For Debentures Assignment
CBSE Class 12 Accountancy Issue And Redemption Of Debenture Assignment
Part 2 Chapter 03 Financial Statements of a Company
CBSE Class 12 Accountancy Financial Statements of a Company Assignment
Part 2 Chapter 04 Analysis of Financial Statements
CBSE Class 12 Accountancy Analysis of Financial Statements Assignment
CBSE Class 12 Accountancy Financial Statement Analysis Assignment
Part 2 Chapter 05 Accounting Ratios
CBSE Class 12 Accountancy Accounting Ratios Assignment
CBSE Class 12 Accountancy Ratio analysis Assignment
Part 2 Chapter 06 Cash Flow Statement
CBSE Class 12 Accountancy Cash Flow Statement Set A
CBSE Class 12 Accountancy Cash Flow Statement Set B
~ Class 12 Accountancy (Old Chapters)
CBSE Class 12 Accountancy Accounting for Not for Profit Organisation Assignment

Important Practice Resources for Class 12 Accountancy

CBSE Class 12 Accountancy Part 2 Chapter 1 Accounting For Share Capital Assignment

Access the latest Part 2 Chapter 1 Accounting For Share Capital assignments designed as per the current CBSE syllabus for Class 12. We have included all question types, including MCQs, short answer questions, and long-form problems relating to Part 2 Chapter 1 Accounting For Share Capital. You can easily download these assignments in PDF format for free. Our expert teachers have carefully looked at previous year exam patterns and have made sure that these questions help you prepare properly for your upcoming school tests.

Benefits of solving Assignments for Part 2 Chapter 1 Accounting For Share Capital

Practicing these Class 12 Accountancy assignments has many advantages for you:

  • Better Exam Scores: Regular practice will help you to understand Part 2 Chapter 1 Accounting For Share Capital properly and  you will be able to answer exam questions correctly.
  • Latest Exam Pattern: All questions are aligned as per the latest CBSE sample papers and marking schemes.
  • Huge Variety of Questions: These Part 2 Chapter 1 Accounting For Share Capital sets include Case Studies, objective questions, and various descriptive problems with answers.
  • Time Management: Solving these Part 2 Chapter 1 Accounting For Share Capital test papers daily will improve your speed and accuracy.

How to solve Accountancy Part 2 Chapter 1 Accounting For Share Capital Assignments effectively?

  1. Read the Chapter First: Start with the NCERT book for Class 12 Accountancy before attempting the assignment.
  2. Self-Assessment: Try solving the Part 2 Chapter 1 Accounting For Share Capital questions by yourself and then check the solutions provided by us.
  3. Use Supporting Material: Refer to our Revision Notes and Class 12 worksheets if you get stuck on any topic.
  4. Track Mistakes: Maintain a notebook for tricky concepts and revise them using our online MCQ tests.

Best Practices for Class 12 Accountancy Preparation

For the best results, solve one assignment for Part 2 Chapter 1 Accounting For Share Capital on daily basis. Using a timer while practicing will further improve your problem-solving skills and prepare you for the actual CBSE exam.

Where can I download the latest CBSE Class 12 Accountancy Chapter Part 2 Chapter 1 Accounting For Share Capital assignments?

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Do these Accountancy Chapter Part 2 Chapter 1 Accounting For Share Capital assignments include solved questions?

Yes, our teachers have given solutions for all questions in the Class 12 Accountancy Chapter Part 2 Chapter 1 Accounting For Share Capital assignments. This will help you to understand step-by-step methodology to get full marks in school tests and exams.

Are the assignments for Class 12 Accountancy Chapter Part 2 Chapter 1 Accounting For Share Capital based on the 2026 exam pattern?

Yes. These assignments are designed as per the latest CBSE syllabus for 2026. We have included huge variety of question formats such as MCQs, Case-study based questions and important diagram-based problems found in Chapter Part 2 Chapter 1 Accounting For Share Capital.

How can practicing Chapter Part 2 Chapter 1 Accounting For Share Capital assignments help in Accountancy preparation?

Practicing topicw wise assignments will help Class 12 students understand every sub-topic of Chapter Part 2 Chapter 1 Accounting For Share Capital. Daily practice will improve speed, accuracy and answering competency-based questions.

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Yes, all printable assignments for Class 12 Accountancy Chapter Part 2 Chapter 1 Accounting For Share Capital are available for free download in mobile-friendly PDF format.