question_answer

700 shares of Rs.10 each were reissued as Rs. 9 paid up for Rs. 7 per share. Entry for reissue will be:

A)  

Bank A/c	Dr.	4,900
Share Discount A/c	Dr.	1,400
To Share Capital A/c			6,300

 

B)

Bank A/c	Dr.	4,900
To Share Capital A/c			4,900

 

C)  

Bank A/c	Dr.	4,900
Share Forfeiture A/c	Dr.	1,400
To Share Capital A/c			6,300

 

D)  

Bank A/c	Dr.	4,900
Share Discount A/c	Dr.	2,100
To Share Capital A/c			7,000