१०. एउटा कम्पनीको शेयरधनीले प्रति शेयर रु.१०० दरका २०० कित्ता शेयरमा अन्तिम किस्ता रु.४० प्रति शेयर नतिरेको हुँदा जफत गरियो । जफत भएका शेयर मध्येमा १०० कित्ता शेयर रु.८० प्रति शेयरमा पुनः जारी गरियो…

{
  "entries": [
    {
      "date": "2076/07/XX",
      "particulars": [
        {"dr": "Share Forfeiture Account", "amount": 8000, "narration": "Forfeited 200 shares of Rs.100 each for non-payment of final call of Rs.40 per share"},
        {"cr": "Calls in Arrears Account", "amount": 8000}
      ]
    },
    {
      "date": "2076/07/XX",
      "particulars": [
        {"dr": "Share Forfeiture Account", "amount": 2000, "narration": "Transferred to Capital Reserve (200 shares × Rs.40 per share)"},
        {"cr": "Capital Reserve Account", "amount": 2000}
      ]
    },
    {
      "date": "2076/08/XX",
      "particulars": [
        {"dr": "Bank Account", "amount": 8000, "narration": "Received application money on 100 shares of Rs.100 each at Rs.80 per share"},
        {"cr": "Share Forfeiture Account", "amount": 8000}
      ]
    },
    {
      "date": "2076/08/XX",
      "particulars": [
        {"dr": "Share Forfeiture Account", "amount": 2000, "narration": "Transferred to Capital Reserve (100 shares × Rs.40 per share)"},
        {"cr": "Capital Reserve Account", "amount": 2000}
      ]
    },
    {
      "date": "2076/08/XX",
      "particulars": [
        {"dr": "Share Forfeiture Account", "amount": 6000, "narration": "Transferred to Share Capital Account (100 shares × Rs.100 per share)"},
        {"cr": "Share Capital Account", "amount": 6000}
      ]
    }
  ],
  "ledger": {
    "share_forfeiture": {
      "initial_balance": 8000,
      "debits": [2000, 8000, 2000, 6000],
      "credits": [],
      "final_balance": 0
    },
    "capital_reserve": {
      "initial_balance": 0,
      "debits": [],
      "credits": [2000, 2000],
      "final_balance": 4000
    },
    "share_capital": {
      "initial_balance": 20000,
      "debits": [],
      "credits": [6000],
      "final_balance": 26000
    }
  }
}

Explanation of Journal Entries:

1. Forfeiture of Shares:

   • When 200 shares of Rs.100 each were forfeited for non-payment of the final call of Rs.40 per share, the Share Forfeiture Account was debited with Rs.8,000 (200 × Rs.40), and the Calls in Arrears Account was credited with the same amount.

2. Transfer to Capital Reserve (First Entry):

   • Out of the Rs.8,000 forfeited amount, Rs.2,000 (200 shares × Rs.10 per share, as the unpaid call was Rs.40 per share) was transferred to the Capital Reserve Account to maintain the company’s capital structure.

3. Re-issue of Shares:

   • When 100 shares were re-issued at Rs.80 per share, the Bank Account was debited with Rs.8,000 (100 × Rs.80), and the Share Forfeiture Account was credited with the same amount.

4. Transfer to Capital Reserve (Second Entry):

   • Again, Rs.2,000 (100 shares × Rs.20 per share, as Rs.40 was the unpaid call per share) was transferred to the Capital Reserve Account from the Share Forfeiture Account.

5. Transfer to Share Capital:

   • The remaining Rs.6,000 (100 shares × Rs.60 per share, as Rs.100 is the face value of each share) was transferred to the Share Capital Account to restore the company’s authorized capital.

Final Position:

• Share Forfeiture Account is closed with a zero balance.
• Capital Reserve Account shows a total credit balance of Rs.4,000 (Rs.2,000 from the first transfer + Rs.2,000 from the second transfer).
• Share Capital Account reflects the re-issued shares, increasing the total share capital to Rs.26,000 (original Rs.20,000 + Rs.6,000 from re-issued shares).