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jain Ltd invite application for issuing …

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jain Ltd invite application for issuing 112000 equity share of rupees 10 each at par amount in words may be follows as on application 1 rupees on allotment to rupees on first call rupees 3 on second and final call rupees 4 application for 100000 shares were received shares were fully allotted to all the applicants Ramesh fail to pay is allotment money which was 2003 shares were forfeited immediately Suresh did not pay the first call on 500 shares applied by him his shares were forfeited after the first call forfeited shares of Ramesh and Suresh worry issued at rupees 9 Persia fully paid up after war II and fire call was made and was duly received journal entry for the above transactions in the books of Jain limited answer
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