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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.
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