Question

Bee Ltd. Company forfeited 100 Equity Shares of the face value of 10 each, 6 per share called-up, for
non-payment of first call of 2 per share. The forfeited shares were subsequently reissued as fully paid-up
@*7 each.
Give necessary entries in the company's Journal.
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pls help me

Answer 1

Answer:

Usually examiners asked this type of question to confuse us but if we prepare well it will become easy.