Question - 54

'X' Ltd. forfeited 200 equity shares of Rs. 10 each issued at a premium of Rs. 5 per share, held by Mohan for non-payment of the final call of Rs. 3 per sahre out of these, 100 shares were reissued to Narendra at a discount of Rs. 4 per shaare Give journal entries for forfeiture and reissue of share.

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