ISSUE OF SHARES COMPANY ACCOUNTS T.S.Grewal Ch -8 Que no-70 ,71,72(When capital reserve given)2023 скачать в хорошем качестве

ISSUE OF SHARES COMPANY ACCOUNTS T.S.Grewal Ch -8 Que no-70 ,71,72(When capital reserve given)2023

ISSUE OF SHARES COMPANY ACCOUNTS T.S.Grewal Ch -8 Que no-70 ,71,72( Reissue of shares When capital reserve given)2023 Class 12 Accounts Instagram Link : https://www.instagram.com/manojsharma... 70. Kwality Hospitality Ltd. incorporated with authorised capital of 10,00,000, 1,00,000 equity shares of * 10 each, issued 50,000 equity shares for subscription payable 4 on application, 3 on allotment and balance as first and final call. The shares were subscribed, and due amounts were received except first and final call on 4,000 shares. These shares were forfeited. Later, half the shares were reissued as fully paid-up and 4,000 were transferred to Capital Reserve. Pass the Journal entry for reissue of shares. 71. Park Hospitality Ltd. incorporated with authorised capital of 15,00,000, 1,50,000 equity shares of 10 each, issued 1,00,000 equity shares for subscription payable 4 on application, 3 on allotment and balance as first and final call. The shares were subscribed, and due amounts were received except first and final call on 4,000 shares held by Pawan. Rakesh holding 2,000 shares paid call on his shares along with allotment money. Shares of Pawan were forfeited. Later, half the shares were reissued as fully paid-up and 4,000 were transferred to Capital Reserve. Pass the Journal entry for reissue of shares. 72. Grofers Ltd. having authorised capital of 25,00,000, issued 2,00,000 equity shares of 10 each for subscription payable 4 on application, 3 on allotment and balance on first and final call. The shares were subscribed, and due amounts were received except first and final call on 4,000 shares held by Rana. These shares were forfeited. Later, half the shares were reissued as fully paid-up and 14,000 were transferred to Capital Reserve. Pass the Journal entry for forfeiture and reissue of shares. #msacademyaccounts #tsgrewal2023 #accountancy #accounts #issueofshares #reissueofshares #forfeitureofshares