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Issued applications 100000 of 10 each …

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Issued applications 100000 of 10 each at premium if 3 per share. The amount was payable as On application Rs 2 On allotment Rs 5 including premium Balance on first and final call Applications were received for 150000 shares. Allotment was made on pro rata basis. Ana who had applied for 300 shares failed to pay allotment money and call money . His shares were forfeited after calls. Of these 170 shares were re-issued to Smit at Rs 9 per share fully paid. Pass the journal entries.

Posted by Muni Jain 8 years, 2 months ago

CBSE > Class 12 > Accountancy

2 answers

Faiz Qureshi 8 years, 2 months ago

Lumsume method

Pripal Singh 8 years, 2 months ago

All journal entries?

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