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VT Ltd forfeited 200 shares of ₹ 10 each, issued at a premium of ₹ 5 per share, held by Mohan for non-payment of the final call of ₹ 3 per share. 100 out of these shares were reissued to Narendra at a discount of ₹ 4 per share. Journalise. |
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Answer» estions Solution 150 Shares of ₹ 10 Each ISSUED at a Premium of ₹ 4 per Share Payable with Allotment Were Forfeited for Non-payment of Allotment Money of ₹ 8 per Share Including Premium. CONCEPT: Accounting Treatment of Forfeiture and Re-issue of Share.Hope it's helpMark as brainliest FOLLOW me |
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