Question
Give journal entries for the forfeiture and re-issue of shares: X Ltd. Forfeited 10 shares of Rs.10 each (Rs.6 called up) issued at a discount
Give journal entries for the forfeiture and re-issue of shares: X Ltd. Forfeited 10 shares of Rs.10 each (Rs.6 called up) issued at a discount of 10% to Neeta on which she had paid Rs.2 per share. Out of these, 8 shares were re-issued to Meeta as Rs.8 called up for Rs.6 per share.
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
9th edition
125956455X, 978-1259564550
