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Pass Journal entries in the following c...

Pass Journal entries in the following cases:
M Ltd. forfeited 200 Equity Shares of Rs. 10 each, issued at a premium of Rs. 5 per share, held by Ram for non-payment of the final call of Rs. 3 per share. Of these, 100 shares were reissued to Vishu at a discount of Rs. 4 per share.

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The correct Answer is:
Capital Reserve-Rs. 300.
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TS GREWAL-COMPANY ACCOUNTS- ACCOUNTING FOR SHARE CAPITAL-Exercise
  1. Slow & Steady Ltd. invited applications for 10,000 Equity Shares of Rs...

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

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

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

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

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

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

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  8. 150 shares of Rs. 10 each issued at a premium of Rs. 4 per share payab...

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

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

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

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

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

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

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  15. VXN Ltd. invited applications for issuing 50,000 equity shares of Rs. ...

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  16. Sukanya Ltd. invited applications for issuing 1,00,000 equity shares o...

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  17. Alfa Ltd. invited applications for issuing 75,000 equity shares of Rs...

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  18. Himalaya Company Limited issued for public subscription 1,20,000 equi...

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  19. Amrit Ltd. issued 50,000 shares of Rs. 10 each at a premium of Rs. 2 p...

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  20. Dogra Ltd. had an authorised capital of Rs. 1,00,00,000 divided into E...

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