Question

Z ltd forfeited 300 shares of rs10 each issued at a premium of 20% (9 called up) on which rs4 of allotment (including premium) and first call of rs2 has not been received. Out of these 100 shares were re-issued as fully paid up for rs 9 per share. give the 3 journal entries of forfeiture, reissue and tr. to capital reserve.​

Answer 1

Answer:

your answer is in above pic

Answer 2

Answer:

600

Explanation:

b'300 shares of Rs. 10  each  & for non - payment of allotment money of Rs. 4 [300 x 4 = 1200]

first & final call of Rs. 2 [ 300 x 2 = 600 ]

capital reserve = 1200 - 600 = 600.