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Acoounts doubt about forfeited shares

Foundation / CPT 569 views 2 replies

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?

Replies (2)

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

  TO Share Foreiture A/C Rs.5

To Calls In Arrears A/c Rs.4

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


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