Question

Alok Limited forfeited 300 shares of Rs. 10 each fully called up held by Ram for non-payment of allotment money of Rs. 3 per share and final call money of Rs. 4 per share. Out of these shares 250 were reissued to Sham. for a total payment of Rs. 2,000. Give journal entries for forfeiture and reissue.

Answer 1

HEYA MATE YOUR ANSWER IS

allotment money of Rs. 3 per share and final call money of Rs. 4 per share. Out of these shares 250 were reissued

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Answer 2

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allotment money of Rs. 3 per share and final call money of Rs. 4 per share. Out of these shares 250 were reissued