Ganga Limited issued 10,000 equity shares of 100 each payable as follows: Rs. 20 on application, Rs. 30 on

allotment, Rs. 20 on first call and Rs. 30 on second and final calls 10,000 shares were applied for and allotted.

All money due was received with the exception of both calls on 300 shares held by Supriya. These shares

were forfeited. Give necessary journal entries relating to Forfeiture of Shares.

asked by guest
on Apr 04, 2026 at 11:12 am



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