Radhika Limited issued 50,000 shares of Rs. 10 each. The due amount was received except on 1
Channel: Doubtnut
Date: 2020-04-26

Radhika Limited issued 50,000 shares of Rs. 10 each. The due amount was received except on 1,000 shares on which Rs. 6 per share was received. These 1,000 shares were forfeited and 700 shares were reissued for Rs. 8 each fully paid-up. Show the Forfeited Shares Account and the Balance Sheet as at closing date.