Saved Bookmarks
| 1. |
Shubham Limited invited applications for 1,00,000 equity shares of rupees 10 each atpremium of 2 rupees per share payable as follows: on application 2.50 rupees, onallotment 4.50 rupees (including premium), on first call 2.50 rupees and on final call250 rupees per share.Applications were received for 1,50,000 shares and shares werealloned pro-rata to the applicants for 1,20,000 shares and remaining applications wererejected. A who was allotted 200 shares could not pay the sumn due onaliounen Shares held by him were forfeited on his failure to pay the first call. B,holding 300 shares, could not pay the two calls. The company forfeited his shares afterthe final call was made.Pes journal entries for forfeiture and re-issue in the books of Shubham Limited. |
|
Answer» bsbsbdbbsbsbbsbdbd.......xjhrjr |
|