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Xltd. Forfeited 750 shares of mr …

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Xltd. Forfeited 750 shares of mr .R of ₹10 each fully called up for non payment on third and final call₹3per shares. These shares were re issued to mr B ,at ₹8 per share fully paid up. Ans_amount forfeited ₹5,250;capital reserve ₹3,750

Posted by Harman Deep Kaur 3 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Sunil Kumawat 3 years, 2 months ago

1.Sh cap a/c Dr. 7500 To sh final call a/c 2250 To sh forfeiture a/c 5250 2.Bank a/c Dr.6000 Sh forfeiture a/c Dr.1500 To sh capital a/c 7500 3.sh forfeiture a/c Dr.3750 To sh cap. Res. a/c 3750 W. Note :- 1. (For capital reserve) Cr. Bal of forfeiture minus (➖) Dr. Bal of forfeiture Cr. Bal. = 5250 Dr. Bal. = (1500) Cap res. = 3750

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