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A company forfeited 100 shares of …

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A company forfeited 100 shares of rs 10 each issued at 20 present premium (to be paid at the time of allotment) on which first call money of 3 was not received,the final call money of 2 is yet called. These shares were subsequently re-issued at 7 share as 8 paid -up

Posted by Ranvir Kumar 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Harshu Chouhan 6 years, 4 months ago

Share cap a\c ••• dr. 800 To forfeited a\c 500 To l call a\c. 300 Bank a\c••••dr. 700 For.a\c•••• dr 100 To sh. Cap. A\c. 800 For. A\c•••• dr. 400 To capital reserve a\c. 400

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