Question - 55 

Kishna Ltd. issued 15,000 shares of Rs. 100 each at a premium of Rs. 10 per share. payable as follows :

On application Rs. 30, On allotment Rs. 50 (including premium), On first and final call Rs. 30.

All the share subscribed and the company received all the money due, with the exception of the allotment and call money on Rs. 150 shares these shares were forfeited and reissued to Neha as fully padi share of Rs. 12 each.

Give journal entries in the books of the company.

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