DK Goel Solutions Q 67 Chapter 6 Issue of Shares Class 12 CBSE [2023-24]
Step-by-step solution of Question 67, Chapter 6 Accounting for Companies – Issue of Share Capital, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 67
A limited company forfeited 400 shares of Mr. X, who had applied for 600 shares on account of non-payment of allotment money ₹ 3 + ₹ 2.50 (premium) and first call ₹ 2. Only ₹ 4 per share was received with application. Out of these, 200 shares were re-issued to Mr. Y at ₹ 8 per share, ₹ 9 paid-up.
Give journal entries relating to forfeiture and re-issue.
Solution
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About this solution
This is Chapter 6 Accounting for Companies – Issue of Shares of DK Goel For 2024 Examinations.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in the Accountancy Board Exam.
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