Star Ltd. forfeited 500 Equity shares of Rs. 100 each for non-payment of first call of Rs. 30
Channel: Doubtnut
Date: 2020-03-29

Star Ltd. forfeited 500 Equity shares of Rs. 100 each for non-payment of first call of Rs. 30 per share. The final call of Rs. 10 per share was not yet made. Out of these, 60% shares were reissued for Rs. 39,000 fully paid. Journalise the forfeitue and reissue of shares.