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Savtri ltd. Forfeited 6,000 share of …

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Savtri ltd. Forfeited 6,000 share of rs 10 each for non payment of first call of rs 2 per share. The final call of rs 3 per share was yet to be made. The final call was made after forefeited of these share.of the forfeited share, 4,000 share were reissued at rs 9 per share as fully paid up .

Posted by Shagun Gupta 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Om Prakash 6 years, 10 months ago

Share capital ac dr 60000 To forfeited sc dr 30000 To calls in arrear ac dr. 30000 Bank ac dr 36000 Forfeiture ac dr. 4000 To share capital. 40000 Forfeiture ac dr 16000 To capital reserave ac. 16000

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