banner_ad

Doubt in forfeiture and reissue of shares

Accounting Entries 477 views 1 replies

F ltd forfeited 200 equity shares of rs 100 each(issued at a premium of 10%)for non payments of first call of rs 25 and final call of rs 15.of these 150 shares were reissued for rs 90/share.

give journal entries for forfeiture and reissue of shares

Replies (1)
share capital A/c. Dr. 20000
To share forfeiture A/c. 12000
To calls in arrear A/c. 8000

Bank A/c. Dr. 13500
share forfeiture A/c Dr. 1500
To share capital A,/c. 15000

share forfeiture A/c Dr. 7500
To capital reserve A,/c. 7500


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details