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X Limited forfeited 800 share of …

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X Limited forfeited 800 share of Rs.10 each, Rs. 8 called up for non payment of first call of 3 per share later 600 shares were re-issue for 6.50 per share as 8 paid up. Pass the journalit entries.

Posted by Deepali Mittal 6 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Pallavi Gupta 6 years, 6 months ago

Share capital a/c__________dr. 6400 To share first call a/c 2400 To share forfeiture a/c. 4000 Bank a/c _________dr 3900 Share forfeiture a/c_____dr 900 To share capitala/c. 4800 Share forfeiture a/c___________dr. 2100 To capital reservea/c. 2100

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