A share of ₹ 100 issued at a premium of ₹ 10 on which ₹ 80 (including premium) was called and ₹ 60 (including premium) was paid, has been forfeited
A share of ₹ 100 issued at a premium of ₹ 10 on which ₹ 80 (including premium) was called and ₹ 60 (including premium) was paid, has been forfeited. This share was afterwords reissued as fully paid-up for ₹ 70. Give Journal entries to record the above.
[Ans.: Capital Reserve – ₹ 20.]
Anurag Pathak Changed status to publish September 8, 2023
