NK Ltd. forfeited 200 Equity Shares of ₹ 10 each, issued at a premium of ₹ 5 per share, held by Ram for non-payment of the final call of ₹ 3 per share
Pass Journal entries in the following cases:
NK Ltd. forfeited 200 Equity Shares of ₹ 10 each, issued at a premium of ₹ 5 per share, held by Ram for non-payment of the final call of ₹ 3 per share. of thse, 100 shares were reissued to Vishu at a discount of ₹ 4 per share.
[Ans.: Capital Reserve – ₹ 300.]
Anurag Pathak Changed status to publish September 8, 2023
