Q 99 DK Goel Issue of Shares Solutions Class 12 CBSE (2024-25)
Solution of Question number 99 of Accounting for Companies Issue of shares chapter 6 of DK Goel Class 12 CBSE (2024-25)
500 shares of ₹ 10 each, issued at a premium of ₹ 1 on which ₹ 8 (including premium) was called and ₹ 6 (including premium) was paid, have been forfeited. 400 of these shares were re-issued as fully paid in such a way that ₹ 800 were transferred to capital reserve. Journalise.
[Ans. Re-issue Price ₹ 7 per share.]
Solution:-
