Question

28. A company has an issued capital of 4,00,000 in equity shares of #10 each, fully paid,
with the exception of 400 shares on which only 5 per share have been paid. The later
shares are forfeited for non-payment of calls and subsequently re-issued as fully paid at
18 per share.
Show the relevant Entries in the company's Journal and Ledger recording the above
transactions.
liontion​

Answer 1

This is the answer (Here you go):