73 :- Show the forfeiture and reissue entries under each of the following cases :-
(i) KBC Ltd. Forfeited 300 shares of Rs 10 each, Rs 8 called-up held by Amit for non-payment of second call money of Rs 3 per share. These shares were reissued to Zoly for Rs 10 per share as fully paid-up.
(ii) KK Ltd. Forfeited 400 shares of Rs 10 each, fully called-up, held by Bhawana for non-payment of final call money of Rs 4 per share. These shares were reissued to Tarun at Rs 12 per share as fully paid-up.
(iii) Light Ltd. Forfeited 250 shares of Rs 10 each, fully called-up, held by Chetan for non-payment of allotment money of Rs 3 per share and first and final call money of Rs 4 per share. These shares were reissued @ Rs 8 per share as fully paid-up to Prem.
Solution :-
