89 :- Pass necessary Journal entries in the books of the company for the following transactions.
Vishesh Ltd. forfeited 1,000 Equity Shares of Rs 10 each issued at a premium of Rs 2 per share for non-payment of allotment money of Rs 5 per share including premium. shares 800 shares were reissued at Rs 12 per share as fully paid up. The remaining shares were reissued at Rs 11 per share fully paid-up.
Solution :-
