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Unit 2: Forfeiture of Shares
Share Applicaiton A/c Notes
Dr Cr
Date Particulars JF Amount Date Particulars JF Amount
Share Capital A/c 20000 Bank A/c 30000
Share Allotment A/c 10000
30000 30000
Share Capital A/c
Dr Cr
Date Particulars JF Amount Date Particulars JF Amount
Share forfeited 600 Share 20000
A/c Application
Share 400 A/c
Allotment A/c
Share First and 1000 Share 30000
Final call A/c Allotment A/c
Balance cld 98000 Share First and 50000
100000 Final call A/c 100000
Balance b/d 98000
Share Allotment A/c
Dr Cr
Date Particulars JF Amount Date Particulars JF Amount
Share Capital A/c 30000 Bank A/c 19600
Share Application 10000
A/c 400
Share Capital A/c
30000 30000
Share First and Final Call A/c
Dr Cr
Date Particulars JF Amount Date Particulars JF Amount
Share Capital A/c 50000 Bank A/c 49000
Share Capital A/c 1000
50000 50000
Share Forfeited A/c
Dr Cr
Date Particulars JF Amount Date Particulars JF Amount
Balance cld 600 Share Capital A/c 600
600 Balance b/d 600
LOVELY PROFESSIONAL UNIVERSITY 49
