Question

• A company forfeited 200 shares of 100 each, * 70 called up, on which the holder paid * 50 per share. These shares were reissued at * 80 fully paid up per share. The share forfeited account will be debited in the reissue entry with :
can any one solve this ​

Answer 1

Answer:

200×20=4000

Bank A/c Dr. (200×80) 16000

Share forfeiture A/c Dr. 4000

To share capital A/c (200×100) 20000