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luxury cars ltd invited applications for issiuing 10, 000equity share of rs 50each at a preimum of rs 100 per share. the amount was payable as follow: application -rs75 per share including rs50 preimum allotment -the balance the issue was fully subscribe holding 400 share paid his entire share money at the time of application .another shareholder holding 300 share did not pay the allotment money. his share were forfeited . the forfeited share were later on reissue for rs900 per share as fully paid up. pass journal entries

Posted by Pooja Kumari 5 years, 5 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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