Please solve this share question
Harish Kumar (IPCC) (475 Points)
22 January 2013Harish Kumar (IPCC) (475 Points)
22 January 2013
Rashee Saxena
(CA and CS Student)
(93 Points)
Replied 27 January 2013
Share Capital A/c Dr. 7500
To Share Forfeiture A/c 5000
To Calls in arrear A/c 2500
(bieng shares forfeited)
Cash A/c Dr. 4000
Share forfeiture A/c 3500
To Share Capital A/c 7500
(being all forfeited shares re-issued
@ Rs.8 as Rs. 15 paid up)
Share forfeiture A/c Dr. 1500
To Capital Reserve A/c 1500
(being balance transferred)
Share Final call A/c Dr. 2500
To Share Capital A/c 2500
(being final call made)
Cash A/c Dr. 2500
To Share Capital A/c 2500
(being all cash received including of D)