Virendra Limited forfeited 20 shares of Rs 100 each (Rs 60 called up) issued at par to Mukesh on which - Accountancy - Accounting for Share Capital

Question

Virendra Limited forfeited 20 shares of Rs 100 each (Rs 60 called
up) issued at par to Mukesh on which he had paid Rs 20 per share
Out of these ,15 shares were reissued to Sanjiv as Rs 60 paid up
for Rs 45 Per share

Komal Rani · Accepted Answer

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Regards

Virendra Limited forfeited 20 shares of Rs.100 each (Rs.60 called up) issued at par to Mukesh on which he had paid Rs.20 per share. Out of these ,15 shares were reissued to Sanjiv as Rs.60 paid up for Rs. 45 Per share...