X Ltd. forfeited 800 shares of Rs. 20 each issued at a premium of Rs. 2 per share to M
Channel: Doubtnut
Date: 2020-04-26

X Ltd. forfeited 800 shares of Rs. 20 each issued at a premium of Rs. 2 per share to Mahesh (Rs. 18 called-up) on which he did not pay first call of Rs. 4. Of these, 300 shares were re-issued @ Rs. 15 per share as Rs. 18 paid-up. Journalise.