72 :- Give necessary Journal entries :-
(i) The Directors of Devendra Ltd. Resolved on 1st January, 2010 that 100 Equity Shares of Rs 10 each, Rs 8 paid-up be forfeited for non-payment of final call of Rs 2. On 1st February, 60 of these shares were reissued @ Rs 7 per share as fully paid-up.
(ii) Virender Limited forfeited 20 shares of Rs 100 each (Rs 60 called-up) issued at par to Mukesh on which he had paid Rs 20 per share. Out of these, 15 shares were reissued to Sanjeev as Rs 60 paid -up for Rs 45 per share.
Solution :-
