Solution 19 (a) of model test paper 2 of an aid to accountancy TS grewal edition 2024-25

Solution 19 (a) of model test paper 2 of an aid to accountancy TS grewal edition 2024-25 Willow Ltd. forfeited 100 shares of ₹100 each issued at a premium of 10% for non-payment of allotment money of ₹30 per share (including premium) and first call of ₹30 per share. The second and final call of ₹20 per share was not yet called. Out of these , 40 shares were reissued to mohan as ₹80 paid up for ₹70 per share and 40 shares were reissued to sohan as ₹80 paid up for 90 per share. Prepare Share forfeiture Account.