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Star Ltd. forfeited 500 Equity shares of...

Star Ltd. forfeited 500 Equity shares of Rs. 100 each for non-payment of first call of Rs. 30 per share. The final call of Rs. 10 per share was not yet made. Out of these, 60% shares were reissued for Rs. 39,000 fully paid. Journalise the forfeitue and reissue of shares.

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The correct Answer is:
Capital Reserve-Rs. 18,000.
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TS GREWAL-COMPANY ACCOUNTS- ACCOUNTING FOR SHARE CAPITAL-Exercise
  1. Show the forfeiture and reissue entries under each of the following ca...

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

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

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

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

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

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

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

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

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

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  11. The Director of a company foreited 300 shares of Rs. 10 each issued at...

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  12. JCV Ltd., forfeited 200 shares of Rs. 10 each issued at a premium of ...

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  13. Pass necessary Journal entries in the books of the company for the fol...

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  14. 150 shares of Rs. 10 each issued at a premium of Rs. 4 per share payab...

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  15. Commerce Publications Ltd. issued 50,000 Equity Shares of Rs. 10 each...

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  16. Gaurav applied for 5,000 shares of Rs. 10 each at a premium of 2.50 pe...

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  17. Telecom Ltd.' issued 20,000 Equity Shares of Rs. 10 each at a premium ...

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  18. Kamal Ltd. was formed on 1st April, 2010 with an authorised capital o...

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  19. Krishna & Co. Ltd. with an authorised capital of Rs. 2,00,000 divided...

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  20. Midee Ltd. invited applications for issuing 27,000 shares of Rs. 100 e...

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