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Illustration 23 [Reissue of forfeited shares (fully called up) at par] Alpha Ltd. forfeited 600 equity shares of 10 each, fully called up, for
Illustration 23 [Reissue of forfeited shares (fully called up) at par] Alpha Ltd. forfeited 600 equity shares of 10 each, fully called up, for non-payment of final call money of 4 per share. These shares were reissued for 10 per share as fully paid up. Give journal entries for forfeiture and reissue of shares.
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Introduction To Financial Accounting
Authors: Anne Marie Ward, Andrew Thomas
9th Edition
1526803003, 978-1526803009
