Question

transactions in the books of Naveen Ltd,
(1) 200 shares of * 10 each issued at a premium of 5 per share payable výjih allotment
were forfeited by the non-payment of allotment money ofte
per share ineluding premium,
The first and final call of 3 per share were not made. The forfeited shares were re-issued
at 14 per share fully paid up.
(ii) 800 shares of 10 each issued at par were forfeited for the non-payment of final call of
R2 per share. These shares were re-issued at 8 per share fully paid up,
[Ans. (1) Capital Reserve 600
(ii) Capital Reserve * 4,800]

Answer 1

Answer:

Explanation: answer