A company whose capital consists of 1,000 shares of Rs.100 each, Rs.75 called and paid, decides to reduce the shares into 1,000 shares of Rs.75 each fully paid. Pass journal entry.
|
Date |
Particulars |
L.F. |
Dr. () |
Cr. () |
|
Share Capital A!c Cl,000 x 75) To Share Capital A/c (Conversion of 1,000 Shares of 17 Each 75 (Partly) Paid |
75,000 |
75,000 |