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Discussion > Students > CPT >

Acoounts doubt about forfeited shares

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CPT

[ Scorecard : 56]
Posted On 04 February 2013 at 22:12 Report Abuse

a company forfeited 2000 shares of rs 10 each (which were issed at par)held by Mr.john for non payment of allotement money of Rs 4 per share. called up value per share was 9.the amount debited to share capital will be?


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Finance head

[ Scorecard : 65]
Posted On 05 February 2013 at 10:27

Share Capital A/C Dr........ Rs.9

  TO Share Foreiture A/C Rs.5

To Calls In Arrears A/c Rs.4



Total thanks : 1 times




kalyani
STUDENT

[ Scorecard : 61]
Posted On 05 February 2013 at 10:50

Share Capital A/C Dr........ Rs.9 TO Share Foreiture A/C Rs.5 To Calls In Arrears A/c Rs.4


Total thanks : 1 times


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