A company forfeited certain number of shares of Face Value ₹10 each, for non payment of final call money of ₹4. These shares were reissued at a discount of ₹5 and amount of ₹4500 was transferred to capital Reserve account. Pass the necessary journal entries to show the above transactions and prepare Share forfeited account. 

Mark-4, CBSE: 2024-25/Sample/Q-21

Answer :

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