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The Directors of M Ltd. resolved on 1s...

The Directors of M Ltd. resolved on 1st May, 2015 that 2,000 Equity Shares of Rs. 10 each, Rs. 7.50 paid be forfeited for non-payment of final call of Rs. 2.50 . On 10th June, 2015, 1,800 of these shares were reissued for Rs. 6 per share. Give necessary Journal entries.

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The correct Answer is:
Capital Reserve-Rs. 6,300.
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TS GREWAL-COMPANY ACCOUNTS- ACCOUNTING FOR SHARE CAPITAL-Exercise
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  2. X Ltd. forfeited 900 Equity Shares of Rs. 100 each for the non-payment...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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  20. VT Ltd. forfeited 200 shares of Rs. 10 each, issued at a premium of Rs...

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