Amount to be transferred to capital reserve
This query is : Resolved
31 March 2014
sir pl solve how this journel entry.
Z & Co forfeited 100 shares of Rs.10 each for non payment of final call of Rs.2 each. These shares were
reissued at Rs.9 per share. What is the amount to be transferred to capital reserve A/c?
thanks by shihab
Z & Co forfeited 100 shares of Rs.10 each for non payment of final call of Rs.2 each. These shares were
reissued at Rs.9 per share. What is the amount to be transferred to capital reserve A/c?
thanks by shihab
31 March 2014
Rs. 700 must be transferred to general reserve account.
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