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in Class 12 by kratos

A Limited Company forfeited 100 Equity Shares of the face value of Rs.10 each, Rs.6 per share called-up, for non-payment of first call of Rs.2 per share. The forfeited shares were subsequently reissued as fully paid – up Rs.7 each. Give necessary entries in the company’* Journal.

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+5 votes
by kratos
 
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