Home
Class 12
ACCOUNTS
Cemto Ltd. Forfeited 6,000 shares of Rs....

Cemto Ltd. Forfeited 6,000 shares of Rs. 10 each issued at a premium of Rs. 2 per share for the non-payment of final call of Rs. 3 per share. 300 of the forfeited shares were reissued for Rs. 8 per share as fully paid up.
Pass necessary journal entries for the forfeiture and re-issue of shares. Also prepare share forfeited account.

Text Solution

Verified by Experts


Promotional Banner

Topper's Solved these Questions

  • COMPANY ACCOUNTS - ISSUE OF SHARES

    DK GOEL|Exercise MULTIPLE CHOICE QUESTIONS|23 Videos
  • COMPANY ACCOUNTS - ISSUE OF SHARES

    DK GOEL|Exercise VERY SHORT ANSWER QUESTIONS (Knowledge based)|47 Videos
  • COMMON SIZE STATEMENTS

    DK GOEL|Exercise Multiple Choice Questions|14 Videos
  • COMPANY ACCOUNTS - REDEMPTION OF DEBENTURES

    DK GOEL|Exercise Problem Solution|3 Videos