Shares Forfieted

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Sandeep

Sandeep (Querist)
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18 September 2008 Accounting entry and balance sheet effect of forfieture of partly paid up equity shares.
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Guest

Guest (Expert)

09 October 2009 (1) Members A/c

To Share forfieture A/c

(2) Share forfeiture A/c

To Capital Reserve A/c

It will be displayed as Capital Reserve in the balance sheet.

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