Question

[6]
LF
Dr. (Rs.)
Cr. (Rs.)
6,000
4. Fill in the blank spaces in the journal entries given:
Date Particulars
Share Capital A/c.
Dr.
Dr
To Share Forfeited A/C
To Share Allotment Alc
To Share First Call A/
(Being 2,000 shares of Rs. 10 each
Rs. 8 called up issued at a premium of
Rs. 2 per share forfeited for
nonpayment of allotment of Rs. 5 per
share including premium and first
call of Rs. 2 per share)
Bank A/c.
Dr.
To Share Capital A/C
Το.
(Being 1400 shares reissued for
Rs. 19,600 as fully paid up).
Share Forfeited A/c. Dr.
To Capital Reserve A/c.
(Being profit on reissue of forfeited
shares transferred to capital reserve)
19,600
11​

Answer 1

Answer:

To Share Forfeited A/C

To Share Allotment Alc

To Share First Call A/

(Being 2,000 shares of Rs. 10 each

Rs. 8 called up issued at a premium of

Rs. 2 per share forfeited for

nonpayment of allotment of Rs. 5 per

share including premium and first

call of Rs. 2 per share)

Bank A/c.

Dr.

To Share Capital A/C

Το.

(Being 1400 shares reissued for

Rs. 19,600 as fully paid up