54 :- Ratan Ltd.forfeited 3,000 shares of Rs 10 each (issued at Rs 2 premium) for non-payment of first call or Rs 2 per share. Final call of Rs 3 per share was not yet made. Out of these, 2,000 shares were reissued at Rs 10 per share as fully paid. Pass entries for forfeiture and reissue of shares.
Solution :-
