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X Ltd. Forfeited 700shares of ashok …

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X Ltd. Forfeited 700shares of ashok of Rs10 each Rs8 called - up, on which he had paid Rs 5 per share. Out of these, 500 shares were re-issued for Rs9 per share as fully paid.

Posted by Anurag Jadaun 7 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Syed Khabib 1 year, 3 months ago

1.Share cap A/c Dr . 5600.............................. To .. Share Forfeiture A/c 3500 To Unpaid calls A/c 2100................ 2.Bank A/c Dr. 4500 ................ To S.P.R. A/c 500 ............ ....... . To share cap A/c 4000.... 3.Share Forfeiture A/c 2500 ......................... ............... To Capital Reserve A/c 2500.......... **CR 2500

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CBSE > Class 12 > Accountancy

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