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CBSE Accounting 2025 Set 1 Solved Paper Q25bii Forefeiture and Reissue of Shares
Автор: Armand Academy
Загружено: 2025-12-14
Просмотров: 15
Описание:
Pass necessary journal entries for forfeiture and reissue of forfeited
shares in the following cases :
Avian Ltd. forfeited 10,000 shares of ₹ 10 each on which the first call
of ₹ 4 per share was not received and the second and final call of ₹ 1
per share was not yet called.
Out of these, 4,000 shares were reissued to Ajay as fully paid up for
₹ 9 per share.
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