Accountancy, asked by ar0750786, 1 year ago

pappu & company forfeited 300 shares of raju of rs. 10 each, which has fully called up, wherein rs. 3 per share on allotment and rs. 4 per share on first call was unpaid. he paid rs. 3 per share on application. the company reissued these shares @ rs. 8 each to suresh.pass necessary journal entries in the books of company relating the forfeiture and reissue of shares. 12 accountancy

Answers

Answered by viditu356
1

Answer:

share capital AC.... dr 3000

to share allotment AC 1200

to share first and final call AC 900

to forfeited shares AC 900

bank AC... dr 2400

share forfeiture AC... dr 600

to share capital AC 3000

share forfeiture AC.... dr. 300

to capital reserve AC.. 300

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