Question

Give Journal entries to record the following transactions of forfeiture and re-issue of shares
and open share forfeited account.
L Ltd. forfeited 470 Equity Shares of r.s10 each issued at a premium ofr.s 5 per share for
non-payment of allotment money of 8 per share (including share premium r.s 5 per share)
and the first and final call of r.s 5 per share. Out of these 60 Equity Shares were
subsequently re-issued at r.s14 per share.
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Answer 1

there you go bro with explanation...