Corporate accounting

Corporate accounting deals with the accounts of companies: issuing shares, forfeiting them when calls are unpaid, liquidating a company, combining companies, and consolidating a holding company with its subsidiaries. Worked example: if a company issues 10,000 shares of ₹10 each and a shareholder fails to pay the ₹4 final call on 100 shares, those 100 shares may be forfeited — the ₹600 already received stays with the company, and the shares can later be reissued.