Deepak Ltd. forfeited 200, 8% preference shares of 100 each issued at a premium of...
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Accounting
Deepak Ltd. forfeited 200, 8% preference shares of 100 each issued at a premium of 5 per share for non- payment of final call of 30 per share. Out of the forfeited shares, 150 shares were reissued as fully paid up at such a price that 9,000 was transferred to capital reserve. Pass necessary journal entries
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