Rajan was alloted 150 shares of rs. 100 each . he couldn't pay ist call rs. 25 and final rs. 15 on his shares . pass entry for the forfeited
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5
Answer:
share capital ac dr 15000
To share forfeiture ac 9000
To share first call ac3750
To share final call ac 2250
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0
Answer:
amount credited to share forfeited 9000
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