Easy Office
LCI Learning

Amount to be transferred to capital reserve

This query is : Resolved 

31 March 2014 sir pl solve how this journel entry.
Z & Co forfeited 100 shares of Rs.10 each for non payment of final call of Rs.2 each. These shares were
reissued at Rs.9 per share. What is the amount to be transferred to capital reserve A/c?
thanks by shihab

31 March 2014 Rs. 700 must be transferred to general reserve account.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries