Shobhana Ltd. forfeited 30 shares of Rs.10 each fully called up for non-payment of allotment money...
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Shobhana Ltd. forfeited 30 shares of Rs.10 each fully called up for non-payment of allotment money of Rs.3 per share and call money of Rs.4 per share. These shares are re-issued for Rs.8 per share fully paid. What is the amount to be transferred to Capital Reserve Account? Shobhana Ltd. forfeited 30 shares of Rs.10 each fully called up for non-payment of allotment money of Rs.3 per share and call money of Rs.4 per share. These shares are re-issued for Rs.8 per share fully paid. What is the amount to be transferred to Capital Reserve Account?
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Rs 30 A Entry for Share Forfeiture Share Capital Ac 30 X 10Rs300 To Sha... View the full answer
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