Deepak Ltd. forfeited 200, 8% preference shares of 100 each issued at a premium of...
60.1K
Verified Solution
Link Copied!
Question
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
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.