LMK Ltd. has an issued capital of 5,00,000 in shares of 100 each, on which 80 per
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LMK Ltd. has an issued capital of ₹5,00,000 in shares of ₹100 each, on which ₹80 per share has been called up. The company now decided to reduce the share capital to share of ₹80 each fully paid by cancelling the uncalled amount of ₹20 per share. Show journal entry.
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