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A holds 100 shares of rupees …

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A holds 100 shares of rupees 10 each on which he has paid rupee 1 per share on application. b holds 200 shares of rupees 10 each on which he has paid rupee 1 and rupee 2 per share on application and allotment respectively. she holds 300 shares of rupees 10 each and has paid rupees 1 on application rupees 2 on allotment and rupees 3 on first call. The all fail to pay their areas and II call of rupees 2 per share.shares are forfeited and subsequently issued at rupees 11 Persia as fully paid up journalise the above.
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