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JCV Ltd., forfeited 200 shares of ₹ 10 each issued at a premium of ₹ 2 per share for the non-payment of allotment money of ₹ 3 per share (including premium). The first and final call of ₹ 4 per share has not been made as yet. 50% of the forfeited shares were reissued at ₹ 8 per share as fully paid-up. Pass necessary Journal entries for the forfeiture and reissue of shares. |
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Answer» TE YOUR ANSWER ISforfeited SHARES were reissued at ₹ 8 PER share as FULLY paid-up. Pass necessary JOURNAL entries for the forfeiture and reissue of shares.HOPE THIS HELPS❤️PLEASE MARK AS BRAINLIEST ❤️❤️ |
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