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JK LTD forfeited 250 shares of …

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JK LTD forfeited 250 shares of the face value of ₹ 10 each, ₹ 6 per share were called up by the company, For the non payment of first and final call of ₹ 2 per share . The forfeited shares were subsequently reissued as fully paid @ ₹ 7 each. Give entries for forfeiture and reissue of shares.

Posted by Shivani Pannu 4 years, 11 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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