Welfare Limited issued 1,000 shares of Rs. 100 each . The due amount was received except for
Channel: Doubtnut
Date: 2020-03-29

Welfare Limited issued 1,000 shares of Rs. 100 each . The due amount was received except for 100 shares on which Rs. 90 was received per share. These 100 shares were forfeited and 50 shares were reissued for Rs. 80 each fully paid up. Show the Forfeited Shares Account and the Balance Sheet as at closing date.