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X ltd.forfeited 200 share of 100 …

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X ltd.forfeited 200 share of 100 each,rs 70 call up pnwhich the shareholders had paid application and allotment money of rs 50 per share. Out of these 150 share were reissued to naresh as rs 70 paidup for rs80 per share

Posted by Anchal Panwar 7 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Karishma Mohata 7 years, 8 months ago

Share capital a/c dr 14000 To share application & allotment a/c 4000 To share forfeiture a/c 10000 Bank a/c dr 10500 Share forfeiture a/c dr 1500 To share capital a/c 12000 Share forfeiture a/c dr 6000 To capital reserve a/c 6000

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