Q 90 DK Goel Issue of Shares Solutions Class 12 CBSE (2024-25)

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Solution of Question number 90 of Accounting for Companies Issue of shares chapter 6 of DK Goel Class 12 CBSE (2024-25)

B Ltd. forfeited 500 shares of ₹ 10 each issued at 20% premium (to be paid at the time of allotment) for non-payment of the first call of ₹ 3 per share and final call of ₹ 2 per share. Out of these, 300 shares were re-issued as fully paid-up for ₹ 10 per share. Journalise.

[Ans. Capital Reserve ₹ 1,500.]

Solution:-

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