Question

Software Ltd. company with registered capital of Rs.5,00,000 in shares ofRs.10 each issued 20,000 of
such shares payableRs.2 on application, Rs.4 on allotment, Rs.2 on first call andRs.2 on final call. All the
money payable on allotment was duly received but on the first call being made, one shareholder paid the
entire balance on his holding of 300 shares and five shareholders with a total holding of 1,000 shares
failed to pay their dues on the first call. These shares were forfeited for non-payment of first call
money. Final call was made and all the money due was received. Later on, forfeited shares were reissued
@Rs.6 per share as fully paid-up.
Record the above in the company's Journal​

Answer 1

Answer:

capital reserve 4000. i hope this is clear to you