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Raja Ltd., forfeited 400 shares of Rs. 2...

Raja Ltd., forfeited 400 shares of Rs. 25 each (Rs. 20 called up) held by Asha, for non-payament of allotment money of Rs. 10 per share (including Rs. 5 per share premium) and the first call of Rs. 6 per share. Out of these, 300 shares were reissued to X as Rs. 20 called up for Rs. 16 per share. Give journal entries for forfeiture and reissue of shares.

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Capital Reserve Rs. 1,500.
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DK GOEL-COMPANY ACCOUNTS - ISSUE OF SHARES -ADDITIONAL QUESTIONS (For Practice)
  1. Z Ltd. forfeited 700 shares of Rs. 100 each, issued at a premium of 30...

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  2. 500 shares of Rs. 10 each, issued at a premium of Rs. 1 on which Rs. 8...

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  3. Raja Ltd., forfeited 400 shares of Rs. 25 each (Rs. 20 called up) held...

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  4. On April 1,2018 the Directors of Ashoka Methals Ltd., issued 60,000 eq...

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  5. Mahadev Ltd., with an authorised capital of Rs. 5,00,000 divided into ...

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  6. R.K. Ltd. invited applications for issuing 70,000 Equity Shares of Rs....

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  7. X Ltd., invited applications for issuing 5,00,000 equity shares of Rs....

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  8. Nitro Paints Ltd., invited applications for issuing 1,60,000 equity sh...

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  9. X Ltd., invited applications for the issue of 10,00,000 equity shares ...

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

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  11. X Ltd., invited applications for 50,000 Equity Shares of Rs. 10 each, ...

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  12. New Industries Limited issued a prospects, inviting applications for 1...

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  13. X Limited offed to the public 10,000 equity shares of Rs. 10 each at a...

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  14. Amrit Ltd. issued a prospectus inviting applications for 20,000 shares...

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  15. X Ltd., invited applications for issuing 80,000 equity shares of Rs. 1...

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  16. A Ltd., forfeited 400 shares of Mr. X who had applied for 600 shares o...

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  17. K Limited has been registered with an authorised capital of Rs. 20,00,...

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  18. Jeevan Dhara Ltd., invited applications for issuing 1,20,000 equity sh...

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  19. Ganesh Ltd. issued a prospectus inviting applications for 20,000 share...

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  20. Vinod Papers Ltd., invited applications for issuing 1,00,000 shares of...

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