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A ltd. Forfeited 100shares of Rs10 …

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A ltd. Forfeited 100shares of Rs10 each fully called-up for no payment of first call of Rs3 per share and final call of Rs3 per share. All of these shares were re-issued as fully paid for Rs10 per share.

Posted by Akshay Thakur 8 years, 2 months ago

CBSE > Class 12 > Accountancy

4 answers

Rahul Raturi 8 years, 2 months ago

Okk??

Akshay Thakur 8 years, 2 months ago

Yeah?

Rahul Raturi 8 years, 2 months ago

1 Share capital a/c Dr 1000 To share forfiture 400 To calls in arrears 600 2 bank a/c dr 1000 To share capital 1000 3. Share forfiture a/c dr. 400 To capital reserve 400

Rahul Raturi 8 years, 2 months ago

Is capital reserve 400

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