Question

4
Cr.(Rs.)
Complete the following journal entries:
Date Particulars
L.F. Dr.(Rs.)
Share Capital A/C
......Dr.
2,25,000
Securities Premium Reserve a/c...Dr.
To Forfeited Shares Alc
To Share Allotment A/c
(3,000 shares of Rs.100 each Rs.75
called up forfeited for non-payment of
allotment of Rs.45 each including
premium @ Rs.5 per share)
Dr.
Dr.
To ....
(Re-issue of 2,000 forfeited shares at
Rs.60 per share, Rs.75 paid up)
Dr.
To....​

Answer 1

Answer:

4 cr Dr 60 rs per day =500 refers