rajesh ltd invited applications for 100000 ...

rajesh ltd invited applications for 100000 equity shares of 10 each issued at 20% of premium per share.. the amount was payable as follow.. application rs 4. on allotment 5 including premium.. on first call 3 per share applicationsfor 230000 shares were received.. application 20000 allotment nil.application 150000allotment 50000.application 60000 allotment 50000..excess application money to be adjusted against allotmemt amd remaining excess money if any to be refunded.. rajan to whom 500 shares were alloted in the group applying for 150000 shares did not pay any amount after application. roshan who had applied for 1200 shares from the group applying 60000 shares failed to pay the first call. all shares on which payment were overdue were forfeited after the first call was made .50% of the forfeited shares were reissued at 9 per share fully paid ..pass journal entries
  • 2 answers

Punya Punya 1 month, 1 week ago

Question is wrong

Punya Punya 1 month, 1 week ago

Pta ni

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