Question

ques 7 and 8 both please​

Answer 1

7(a)

share capital a/c Dr. 500

To share allotment a/c 150

To share last call a/c 200

To share forfeiture a/c 150

( 50 shares forfeited immediately after allotment.)

Bank a/c Dr. 500

To share capital a/c 500

(50 forfeited shares reissued to bitu at ₹10 each)

share forfeiture a/c. Dr. 150

To capital reserve a/c 150

(gain on forfeited shares transferred to capital reserve account)

7(b)

share capital a/c. Dr. 900

To share call a/c 200

To share forfeiture a/c 700

( 100 shares of Anish forfeited due to non payment of call )

Bank a/c. Dr.600

share forfeiture a/c. Dr.300

To share capital a/c 900

(100 shares reissued at ₹6 per share )

share forfeiture a/c Dr. 400

To capital reserve a/c 400

(Gain on forfeited reissued shares transferred to capital reserve account)

working note 1

profit on 100 shares = 700

capital reserve = 700 - 300

=400

answer no .8 in photo

I hope it will help you

sorry maine proper frame krke nhi btaya ap journal ka format bna Lena I hope you will know.