Commence Publications Ltd. issued 50,000 Equity Shares of ₹ 10 each at a premium of 10% payable as under: The calls were made by the company and all the money was duly received except the allotment and call money on 500 shares. These shares were, therefore, forfeited and later reissued @ ₹ 9 per share as fully paid-up. Pass necessary journal entries to record the above transactions.

Commence Publications Ltd. issued 50,000 Equity Shares of ₹ 10 each

1.	Commence Publications Ltd. issued 50,000 Equity Shares of ₹ 10 each at a premium of 10% payable as under: The calls were made by the company and all the money was duly received except the allotment and call money on 500 shares. These shares were, therefore, forfeited and later reissued @ ₹ 9 per share as fully paid-up. Pass necessary journal entries to record the above transactions.
Answer» e your ANSWER ISBY adding these shares 500 RUPEES per monthand 50 rupess per day These will help to pay compansation

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