Q.63 Solution Accounting for Share Capital TS Grewal Book Class 12 CBSE
Step-by-step solution of Question 63, Chapter 8 Accounting for Share Capital (Issue of Shares), TS Grewal Class 12 Accountancy 2024-25 for the CBSE Board.
Question 63
On 1st May, 2023, Moneyplus Ltd. forfeited 200 shares of ₹ 20 each, ₹ 15 per share called-up, on which ₹ 10 per share has been paid by A, the amount of the first call of ₹ 5 per share being unpaid. Ten days later, the Directors reissued the forfeited shares to B credited as ₹ 15 per share paid-up, for a payment of ₹ 10 per share.
Give Journal entries in the company’s books to record the forfeited shares and their reissue.
Solution
All questions of Chapter 8
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About this solution
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