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X Ltd. forfeited 900 Equity Shares of Rs...

X Ltd. forfeited 900 Equity Shares of Rs. 100 each for the non-payment of allotment money of Rs. 30 pe share and the first call of Rs. 20 per share. The second and final call of Rs. 25 per share had not been made. The forfeited shares were reissued for Rs. 90 per share, Rs. 75 paid-up.
Journalise the above.

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The correct Answer is:
Capital Reserve-Rs. 22,500.
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  2. A company issued 10,000 shares of the value of Rs. 10 each, payable Rs...

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  3. X Ltd. forfeited 900 Equity Shares of Rs. 100 each for the non-payment...

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  4. The Directors of M Ltd. resolved on 1st May, 2015 that 2,000 Equity ...

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  5. Super Star Ltd. makes an issue of 10,000 Equity Shares of Rs. 100 each...

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  6. Sunshine Ltd. issued 20,000 shares of Rs. 100 each payable Rs. 25 per ...

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  7. The Hindustan Manufacturing Ltd. had a total subscribed capital of Rs....

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  8. On 1st May, 2014, Directors of a Limited Company forfeited 200 shares ...

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  9. X Ltd. forfeited 100 shares of Rs. 10 each (Rs. 8 called-up) issued at...

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  10. Bee Ltd. Company forfeited 100 Equity Shares of the face value of Rs 1...

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  11. Give necessary Journal entries: (i) The Directors of Devendra Ltd. R...

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  12. Show the forfeiture and reissue entries under each of the following ca...

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  13. Record the Journal entries for forfeiture and reissue of shares in the...

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  14. Star Ltd. forfeited 500 Equity shares of Rs. 100 each for non-payment ...

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  15. A holds 100 shares of Rs. 10 each on which he has paid Rs. 1 per share...

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  16. Software Ltd. Company with registered capital of Rs. 5,00,000 in shar...

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  17. New Company Ltd. has a nominal capital of Rs. 2,50,000 in shares of Rs...

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  18. Slow & Steady Ltd. invited applications for 10,000 Equity Shares of Rs...

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  19. A share of Rs. 100 issued at a premium of Rs. 10 on which Rs. 80 (incl...

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  20. Pass Journal entries in the following cases: M Ltd. forfeited 200 E...

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