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Shobhana Ltd. forfeited 30 shares of Rs.10 each fully called up for non-payment of allotment money of Rs.3 per share and call money of
Shobhana Ltd. forfeited 30 shares of Rs.10 each fully called up for non-payment of allotment money of Rs.3 per share and call money of Rs.4 per share. These shares are re-issued for Rs.8 per share fully paid. What is the amount to be transferred to Capital Reserve Account?
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Rs 30 A Entry for Share Forfeiture Share Capital Ac 30 X 10Rs300 To Sha...
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Managerial Accounting
Authors: Charles E. Davis, Elizabeth Davis
2nd edition
1118548639, 9781118800713, 1118338448, 9781118548639, 1118800710, 978-1118338445
