Question

Journal of Ltd (4) Credit Date Particulars Equity Share Capital A/c (470* Rs.10)... Dr ? Dr To Forfeited Shares A/c To Calls in Arrears A/c (470 shares forfeited for non-payment of allotment and call money) Bank A/c ... Dr To Equity Share Capital A/c To ? (60 shares reissued at Rs.14 per share) Forfeited Shares A/c To ? (Gain @ Rs.2 on reissue of 60 shares transferred to capital reserve) Dr L/F Debit 4,700 940 6,110 840 22​

Answer 1

Answer:

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