The entry for the forfeiture


Gopal was holding 100 shares of Rs.10 each of a company on which he had paid Rs3 on application ad Rs.2 on allotment,but could not pay Rs.2 on the first call. If the shares of Gopal are forfeited by the Directors,the entry for the forfeiture of shares will be?

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Accounting Basics: The entry for the forfeiture
Reference No:- TGS0693209

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