Sunena, a shareholder holding 500 shares of Rs. 10 each, did not pay the allotment money of Rs. 4 per share (including a premium of Rs. 2) and the…
CUET UG 2025 — Accountancy Company Accounts
Sunena, a shareholder holding 500 shares of Rs. 10 each, did not pay the allotment money of Rs. 4 per share (including a premium of Rs. 2) and the first and final call of Rs. 3. Her shares were forfeited after the first and final call. Choose the correct journal entry for forfeiture of the shares.
Held on 31 May 2025 · Verified 13 Jul 2026.
Options
- A
Share Capital A/c Dr. 5, 000
Securities Premium A/c Dr. 1,000To Share Allotment A/c 2,000
To Share first and final Call A/c 2,500
To Share Forfeiture A/c 1,500
- B
Share Capital Reserve A/c Dr. 5,000
Securities Premium A/c Dr. 1,000To Share Allotment A/c 4,000
To Share Forfeiture A/c 2,000
- C
Share Capital A/c Dr. 5, 000
Securities Premium A/c Dr. 1,000To Share Allotment A/c 2,000
To Share Forfeiture A/c 4,000
- D
Share Capital A/c Dr. 5, 000
Securities Premium A/c Dr. 1,000To Share Allotment A/c 2,000
To Share first and final Call A/c 1,500
To Share Forfeiture A/c 2,500
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