Menu
Please solve this share question
Q.1) The director of a company have forfeited 500 share of Rs. 20 each Rs 15 per share called up, on which Rs. 10 per share has been paid by B. They re-issue the share to D as Rs. 15 paid up at Rs. 8 per share & make a further call of Rs. 5 per share & this is paid by D.
pass journal entry
Please Solve this Question......
Thank you.
Replies (1)
i am 90 % sure this are the entries.
1 )ESC dr 7500
To Share Forefieture A/c 5000
To CIA 2500
2) Bank A/c dr 4000
Share Forefieture A/c dr 3500
To ESC 7500
Then trs balance in share forefieture to capital reserve.
Recent Topic
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
Related Topics
CAclubindia
