Y Ltd. forfeited 1,000 equity shares of 10 each for non-payment of the first call of 2
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Y Ltd. forfeited 1,000 equity shares of ₹10 each for non-payment of the first call of ₹2 and the final call of ₹3 per share. Pass necessary journal entry.
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When shares are forfeited due to nonpayment of calls it means that the shareholders have failed to m...View the full answer
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