Q 91 DK Goel Issue of Shares Solutions Class 12 CBSE (2024-25)
Solution of Question number 91 of Accounting for Companies Issue of shares chapter 6 of DK Goel Class 12 CBSE (2024-25)
C Ltd. forfeited 300 shares of ₹ 10 each issued at 20% premium ( to be paid at the time of allotment) for non-payment of allotment money of ₹ 4 per share (including premium), first call of ₹ 3 per share and final call of ₹ 2 per share. Out of these, 200 shares were re-issued as fully paid-up at a discount of ₹ 3 per share. Journalise.
[Ans. Capital Reserve: Nil.]
Solution:-
