66 :- On 1st May, 2023, Moneyplus Ltd. Forfeited 200 shares of Rs 20 each, Rs 15 per share called-up, on which Rs 10 per share has been paid by A, the amount of the first call of Rs 5 per share being unpaid. Ten days later, the Directors reissued the forfeited shares to B credited as Rs 15 per share paid-up, for a payment of Rs 10 per share.
Give Journal Entries in the company’s books to record the forfeited shares and their reissue.
Solution :-
