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X ltd. Issued prospectus offering 200000 …

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X ltd. Issued prospectus offering 200000 shares of ₹10 each at ₹14per share payable ₹4on application,₹6 on allotment including₹4 premium ,on first call ₹3, on final call balance Dinesh holder of 1000 shares did not pay the amount due on allotment and first call .his shares were forfeited and 400 shares of these were immediately re issued credited ₹9 paid for ₹8.40 per share Final call was made afterwards and it was duly received. Show entries in the cash book and the journal of the company

Posted by Sakshi Yadav 5 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Surinder Singh Singh 4 years, 3 months ago

Answer: Cash at Bank 27;93;760 Balance of Share forefiture A/C 2400 Capital reserved 1360 Bal.of security premium reserve A/C 7,96,000

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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