Q 89 DK Goel Issue of Shares Solutions Class 12 CBSE (2024-25)

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Solution of Question number 89 of Accounting for Companies Issue of shares chapter 6 of DK Goel Class 12 CBSE (2024-25)

A Ltd. forfeited 800 shares of ₹ 10 each issued at 20% premium (to be paid at the time o allotment) for non-payment of a final call of ₹ 2 per share. Out of these, 600 shares were re-issued as fully paid-up for ₹ 13 per share. Journalise.

[Ans. Capital Reserve ₹ 4,800.]

Solution:-

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