Question

33. (Forfeiture & Reissue) Kunal Ltd. forfeited 20 shares of 100 each ( 60 called up) issue
at par to Murari on which he had paid * 20 per share. Out of these, 15 shares were reissue
to Satish as 60 paid up for 45 per share.
Pass journal entries for above.
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Answer 1

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Answer 2

Answer:

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