Pass necessary Journal entries in the books of the company for the following transactions.
Vishesh Ltd. forfeited 1,000 Equity Shares of ₹ 10 each issued at a premium of ₹ 2 per share for non-payment of allotment money of ₹ 5 per share including premium. The final call of ₹ 2 per share was not yet called on these shares. Of the forfeited shares 800 shares were reissued at ₹ 12 per share as fully paid up. The remaining shares were reissued at ₹ 11 per share fully paid-up.
[Ans.: Capital Reserve – ₹ 5,000.]