Sharda ltd. Forfeited 400 shares of rs. 10 each issued at 30%premium held by mr.r (Rs.8 called up ) on which he did not pay Rs.5 on allotment (including premium )and first call of Rs.3. Out of these, 160 shares were reissued to Mr.T as Rs.8 paid up for Rs.6 per share and 120 shares to Mr.S as fully paid up for Rs.11 per share at different intervals of time.Journalise.
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