what is the difference between fully paid up, and fully called up.
see the sum and try to answer:
forfeited 500 shares issued @ 10 each called up value of which is Rs. 9 due to non payment of 1st call money of Rs. 4 each. of the above 200 equity shares were reissued @ 8 each 9 paid up. pass journal entry for forfeiture and reissue of shares. If I put the word 9 called up inspite of 9 paid up then whats the difference.
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Replies (2)
CLLED UP AMOUNT IS THAT AMOUNT WHICH IS ACTUALLY DEMANDED BY THE CO. FROM SHAREHOLDERS
BUT PAID UP AMT. IS THAT WHICH IS PAID BY THE SHAREHOLDER TO THE COMPANY FOR ITS SHAREHOLDINGS
that i know much before. see the practical question and then answer that one,
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