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Lilly Ltd. forfeited 100 shares of …

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Lilly Ltd. forfeited 100 shares of 10 each issued at 10% premium (? 8 called up) on which a shareholder did not pay 3 of allotment (including premium) and first call of? 2. Out of these 60 shares were reissued to Ram as fully paid for ?8 per share and 20 shares to Suraj as fully paid up @12 per share at different intervals of time. Prepare share forfeiture account.
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