The directors of XYZ limited forfeited 200 shares of Rs 20 /- each for non payment of first and final call of Rs 5/- per share . These shares were reissued at Rs 20 /- per share fully paid . Pass necessary journal entries..
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The directors of XYZ limited forfeited 200 shares of Rs 20 /- each for non payment of first and final call of Rs 5/- per share . These shares were reissued at Rs 20 /- per share fully paid . Pass necessary journal entries..