Share Capital 110
Pass necessary journal entries for the forfeiture and reissue of shares in the following cases CC Ltd. forfeited 10,000 shares of ₹10 each, ₹8 called up, for non-payment of allotment money of ₹3 per share and first call of ₹3 per share. Out of these, 2000 shares were reissued for ₹7 per share, ₹8 paid … Read more