1.

Pass necessary journal entries in the books of the company for the following transactions: Vishesh Ltd. forfeited 1,000 Equity Shares of ₹ 10 each issued at a premium of ₹ 2 per share for non-payment of allotment money of ₹ 5 per share including premium. The final call of ₹ 2 per share was not yet called on these shares. Of the forfeited shares 800 shares were reissued at ₹ 12 per share as fully paid-up. The remaining shares were reissued at ₹ 11 per share fully paid-up.

Answer» TE YOUR ANSWER ISshare was not yet CALLED on these shares. Of the forfeited shares 800 shares were reissued at ₹ 12 PER share as fully paid-up.The REMAINING shares were reissued at ₹ 11 per share fully paid-up.HOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️


Discussion

No Comment Found

Related InterviewSolutions