A Ltd. forfeited 800 shares of Rs. 10 each issued at 20% premium (to be paid at the ti
Channel: Doubtnut
Date: 2020-04-26

A Ltd. forfeited 800 shares of Rs. 10 each issued at 20% premium (to be paid at the time of allotment) for non-payment of a final call of Rs. 2 per share. Out of these, 600 shares were re-issued as fully paid-up for Rs. 13 per share. Journalise.