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Alok Ltd. forfeited 300 shares of …

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Alok Ltd. forfeited 300 shares of 10 each fully called up for the non- payment of allotment money of 3 per share and first & final call money of 4 per share. Out of these shares, 250 shares were reissued to Shyam for a total payment of 2,000. Give journal entries for forfeiture and reissue.
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Sia ? 3 years, 7 months ago

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