Question no 39 Chapter 1 - Unimax Class 12 Part 2 - 2021

Question No  39 Chapter 1 - Unimax Class 12 Part 2 - 2021

Rohit Ltd. forfeited 800 equity shares of ₹ 10each for the non-payment of first and final call of ₹ 3 per shares. The forfeited shares were reissued for ₹ 12 per shares. Pass the necessary journal entries in the books of the company.
(capital reserve = ₹ 5,600)

The solution of Question 39 Chapter 1 of +2 Part-2: -

Journal

Date	Particulars		L.F.	Debit	Credit
	Shares capital A/c	Dr.		8000
	To Shares forfeited A/c				900
	To shares final call A/c				2,400
	(Being 800 shares forfeited for non-payment of first & final call)
	Bank A/c	Dr.		9,600
	Shares forfeited A/c	Dr.			8,000
	To Securities Premium reserve A/c				1,600
	(Being reissued of 800 shares @ 12)
	Shares forfeited A/c	Dr.		5,600
	To Capital reserve A/c				5,600
	(Being transfer of forfeited share account to capital reserve)

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Usha Publication - Accountancy PSEB (Class 12) - Volume I - Solution

• Chapter No. 1 – Accounting Not for Profit Organisations
• Chapter No. 2 – Partnership Accounts – I (Introduction)
• Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
• Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
• Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
• Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
• Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
• Chapter No. 8 – Company Accounts (Share Capital)
• Chapter No. 9 – Company Accounts (Issue of Debentures)
• Chapter No. 10 – Company Accounts (Redemption of Debentures)

Usha Publication - Accountancy PSEB (Class 12) - Volume II - Solution

• Chapter No. 1 – Financial Statements of a Company
• Chapter No. 2 – Financial Statement Analysis
• Chapter No. 3 –  Tools of Financial Statement Analysis- Comparative and Common Size  
• Chapter No. 4 – Ratio Analysis
• Chapter No. 5 – Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication