Question

Q.24. A Ltd. forfeited 800 Shares of 10 each Rs 7 called up on which
received. 500 Shares are reissued @ 8 each as fully paid up
called up on which Rs 4 per Shares had been
Date
Solution
Share Capital Ale (800 * 7)
Particulars
To Call in arrear Alc (Bal)
To Share forfeiture A/c (800 x 4)
Bank A/c (500 * 8)
Share Forfeiture A/c (Bal)
To Share Capital A/c (500 x 10)
Share forfeiture Alc
To Capital Reserve Alc
Dr (RS)
5.600
Cr. (RS)
2.400
3.200
4,000
1.000
1.000
Working Note:-
5,000
1.000​

Answer 1

As a database designer you do not need to worry about where in the datamodel you store a particular attribute as long as you get it into the erd your job is done