Pass journal entries for the following transactions:
- AXN Ltd. forfeited 2,400 shares of ₹10 each for non-payment of final call of ₹3 per share. Out of the forfeited shares, 800 shares were reissued at 8 per share as fully paid-up.
Vanya Ltd. purchased a running business from Hardik Ltd. for a sum of ₹18,00,000. The payment of ₹10,00,000 was made by issue of equity shares of ₹10 each and balance by a cheque. The assets and liabilities acquired from Hardik Ltd. consisted the following:
|Land and Building||13,50,000|