Record journal entry for forfeiture of Rahul's shares.
Held on 20 Jun 2023 · Verified 13 Jul 2026.
Share Capital A/c Dr 20,000 ---
Securities Premium Reserve A/c Dr 10,000 ---
To Share 1st call A/c 10,000
To Share final call A/c 4,000
To Share forfeiture A/c 16,000
Share Capital A/c Dr 20,000 ---
To Share 1st call A/c 10,000
To Share final call A/c 4,000
To Share forfeiture A/c 6,000
Share Capital A/c Dr 16,000
Securities Premium Reserve A/c Dr 4,000
To Share 1st call A/c 10,000
To Share forfeiture A/c 10,000
Share Capital A/c Dr 16,000
To Calls in Arrears A/c 10,000
To Share forfeiture A/c 6,000
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