Solution:DateParticularsDr. (Rs)Cr. (Rs)a)Share Capital a/c (20 shares x 8) Dr To Share Forfeited a/c (20 shares x 5) To Calls in arrears a/c (20 shares x 3)(Being 20 shares of 10 each, Rs 8 called up forfeited for the non-payment of call)160 10060 b)Bank a/c (15 shares x 6) DrShare Forfeiture a/c (15 shares x 4) Dr. To Share Capital a/c (15 shares x 10)(Being 15 shares were reissued as Rs 10 paid up for Rs. 6 per share)9060 150 c)Share Forfeiture a/c Dr To Capital reserve (Being transfer of Profit on Reissue of 15 shares)15 15 Working note:- Profit on 20 Shares (20 x 5)Rs. 100Profit on 20 Shares (15 x 5)Rs. 75Less:- Loss on Reissue (15 x 4)Rs. 60Amount to be transferred to Capital ReserveRs. 15 Amount Left in Share Forfeiture = No. of shares not reissued x Amount paid by John Per shareAmount Left in Share Forfeiture = 5 x 5 = Rs. 25