please explain the forfeiture alone :) Q Kansa Ltd offered 32,000 equity shares of Rs 100 - Accountancy - Accounting for Share Capital

Question

please explain the forfeiture alone :)
Q Kansa Ltd offered 32,000 equity shares of Rs 100 each to the
public at a premium of Rs 20 per share The amount was payable as :
Rs 20 on application; Rs 40 (including premium) on allotment; and
the balance on first and final call 30,000 shares were subscribed
by the public
All the money was duly received except from a shareholder holding
4,000 shares who failed to pay the first and final call money His
shares were forfeited Show 'Share Capital' in the Balance Sheet of
Kansa Ltd Also prepare 'Notes to Accounts'

Radhika Arora · Accepted Answer

Dear Student,

Kindly refer the similar link given below for your query

https://www meritnation
com/ask-answer/question/mohit-glass-ltd-issued-20-000-shares-of-rs-100-each-at/accounting-for-share-capital/6318612

Regards,