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?
Share Capital A/C Dr........ Rs.9
TO Share Foreiture A/C Rs.5
To Calls In Arrears A/c Rs.4
Total likes : 1 times
Your are not logged in . Please login to post replies
Click here to Login / Register
view more »
Our Network Sites
Download CAclubindia App
Alternatively, you can log in using:
Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.