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प्रश्न
Nivetha Ltd. forfeited 1,000 equity shares of ₹ 10 each for non-payament of call of ₹ 4 per share. Of these 800 shares were reissued @ ₹ 7 per share. Pass journal entries for forfeiture and reissue?
रोजकीर्द नोंद
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उत्तर
| Date | Particulars | L.F. | Debit Rs. | Credit Rs. |
| (1) | Share Capital A/c (100 × Rs. 8) Dr. To share I call A/c (100 × Rs. 2) To Forfeiture of shares A/c (100 × Rs. 6) [Forfeiture of shares made] |
800 | 200 600 |
|
| (2) | Bank A/c (75 × Rs. 7) Dr. Forfeited shares A/c (75 × Rs. 1) Dr. To Share capital A/c (75 × Rs. 8) [Reissue of forfeited shares] |
525 75 |
600 | |
| (3) | Forfeited shares A/c Dr. To Capital Reserve A/c [Profit on reissue transferred to capital reserve] |
375 | 375 |
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