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ABC Ltd., forfeits 500 shares of 10 each held by Anand on which he has paid 2 per share on application, 2 per share
ABC Ltd., forfeits 500 shares of 10 each held by Anand on which he has paid 2 per share on application, 2 per share on allotment and 3 per share on first call, but failed to pay the final call of 3 per share. Give journal entry to record the forfeiture of shares.
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Accounting
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
9th edition
1118608224, 1118608227, 730323994, 9780730323990, 730319172, 9780730319177, 978-1118608227
