Q 94 DK Goel Issue of Shares Solutions Class 12 CBSE (2024-25)
Solution of Question number 94 of Accounting for Companies Issue of shares chapter 6 of DK Goel Class 12 CBSE (2024-25)
X Limited forfeited 1,000 shares of ₹ 10 each (₹ 8 called-up) issued at a premium of ₹ 2 per share to Mr. R, for non-payment of allotment money of ₹ 5 per share (including premium). Out of these, 800 shares were re-issued to Mr. Sanjay as ₹ 8 called for ₹ 7 per share. Give the necessary Journal entries relating to forfeiture and re-issue of shares.
[Ans. Capital Reserve ₹ 3,200.]
Solution:-
