Are you looking for the solution to Question number 61 of the Accounting for Share Capital chapter of TS Grewal Book 2023-24 Edition CBSE Board?
Super Star Ltd. makes an issue of 10,000 Equity Shares of ₹ 100 each, payable as:
|On Application and Allotment||₹ 50 per share,|
|On First Call||₹ 25 per share,|
|On Second and Final Call||₹ 25 per share,|
Members holding 400 shares did not pay the second and final call and the shares are duly forfeited, 200 of which are reissued as fully paid-up @ ₹ 50 per share. Pass Journal entries in the books of the company.
[Ans.: Capital Reserve – ₹ 5,000.]