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Give necessary journal entries for the forfeiture and re-issue of shares: X Ltd. forfeited 200 shares of Rs. 10 each (Rs. 7 called up)
Give necessary journal entries for the forfeiture and re-issue of shares: X Ltd. forfeited 200 shares of Rs. 10 each (Rs. 7 called up) on which Naresh had paid application and allotment money of Rs. 5 per share. Out of these, 150 shares were re- issued to Mahesh as fully paid up for Rs. 6 per share.
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Applied Statistics For Public And Nonprofit Administration
Authors: Kenneth J. Meier, Jeffrey L. Brudney, John Bohte
9th Edition
1285737237, 978-1285974521, 1285974522, 978-1285737232
