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Acoounts doubt about forfeited shares


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


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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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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