Pass journal entries in the following cases: 

a. Ganesh Ltd. forfeited 200 shares of Rs. 10 each for non-payment of final call of Rs. 3 per share and re-issued them at Rs. 6 per share fully paid.

b. Harish Ltd. forfeited 200 shares of Rs. 10 each, Rs. 7 per share called up for non-payment of first call Rs. 2 per share and re-issued them at Rs. 5 per share, Rs. 7 per share called up.

c. Irish Ltd. forfeited 300 shares of Rs.10 each on which Rs. 1800 was paid. These shares were re issued to one of the directors of the company at Rs. 2400 fully paid.

Answer rating: 100% (QA)

a Forfeited shares account Dr 200 To shares account Cr 200 Reissued shares account Dr 1200 T... View the full answer