1) Anjaan Ltd. Issued 50000 equity shares of Rs. 100 each at per for public subscription which are payable
Rs. 25 on application, Rs. 35 on Allotment, Rs 20 on 1st call and Rs. 20 on 2nd & final call. Company
has called up to 1
st call and Mr. Ghanashyam did not pay any amount after application for which his
1200 shares are forfeited by Company. All his forfeited shares are reissued by the Company at Rs. 65 as
Rs 80 paid up. Pass journal entry for forfeiture of share and reissue of shares.
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