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Star Ltd. forfeited 500 Equity Shares of ₹ 100 each for non-payment of first call of ₹ 30 per share

Anurag Pathak
September 6, 2023
[CBSE] TS Grewal Solutions, Accounting For Share Capital

3.07K viewsSeptember 6, 2023[CBSE] TS Grewal Solutions Accounting For Share Capital

Anurag Pathak27.13K September 6, 2023 0 Comments

Star Ltd. forfeited 500 Equity Shares of ₹ 100 each for non-payment of first call of ₹ 30 per share. The final call of ₹ 10 per share was not yet made. Out of these, 60% shares were reissued for ₹ 39,000 fully paid. Journalise the forfeiture and reissue of shares.

[Ans.: Capita Reserve – ₹ 18,000.]

Anurag Pathak Changed status to publish September 6, 2023

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Anurag Pathak27.13K Posted September 6, 2023 0 Comments

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Anurag Pathak Changed status to publish September 6, 2023

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Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

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