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Journalise the given transaction in the books of Indian Oil Ltd, if 400 shares of Rs.50 each issued at par were forfeited for non-payment

Journalise the given transaction in the books of Indian Oil Ltd, if 400 shares of Rs.50 each issued at par were forfeited for non-payment of final call of Rs.10 per share. These shares were reissued at Rs. 45 per share fully paid-up. Record the the journal entry for transferring the balance in forfeiture amount to capital reserve.

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