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W ltd. Issued 10,000 shares of …

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W ltd. Issued 10,000 shares of Rs100 each . During the year only Rs 80 were called payable as follows: On application : Rs25 On allotment : Rs20 On Ist call : Rs20 On IInd call : Rs15 Amounts were received as follows : On 8000 shares the full amount called On 1200 shares Rs 65 per share On 500 shares Rs 45 per share On 300 shares Rs 25 per share The directors forfeited those shares on which less than Rs 65 per share were recieved . Show necessary journal entries.

Posted by Aayushi Mishra 6 years, 3 months ago

CBSE > Class 12 > Accountancy

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Manju Yadav 1 year, 2 months ago

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