Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 Oct Dr Paid-up capital - forfeit ordinary shares 5000 Dr Proceeds of sale of forfeit ordinary share 2000 Cr Paid-up capital- ordinary share 7000

image text in transcribed

1 Oct Dr Paid-up capital - forfeit ordinary shares 5000

Dr Proceeds of sale of forfeit ordinary share 2000

Cr Paid-up capital- ordinary share 7000

Question: how to get 2000 about proceeds of sale of forfeit ordinary share???

image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Financial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

15th Edition

978-1337398169

More Books

Students also viewed these Accounting questions

Question

3. Im trying to point out what we need to do to make this happen

Answered: 1 week ago

Question

1. I try to create an image of the message

Answered: 1 week ago