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Mc ltd. Has forfeited 600 equity …

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Mc ltd. Has forfeited 600 equity shares of rs 10 each on non payment of final call rs 3 on each share of the forfeited shares 400 shares have been re issued @ rs 8 pes share fully paid. Pass journals entries.

Posted by Minakshi Sahu 6 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Pallavi Gupta 6 years, 3 months ago

Share capital a/c__________dr 6000 To share final call a/c. 1800 To share forfeiture a/c. 4200 Bank a/c _______________dr 3200 Share forfeiture a/c______dr. 800 To share capital a/c. 4000 Share forfeiture a/c __________dr. 2000 To capital reserve a/c. 2000

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