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rising star Limited invited applications for …

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rising star Limited invited applications for 21000 shares of rupees 10 each at a premium of rupees2 per share payable as rupees 5 on application including premium rupees to rupees 4 were alloted to all the applicants.all the amount was duly received escape on 500 shares on allotment and call these shares were FORFEITED in due courses. 40% of forfeited shares were reisued at 10% premium as fully paid up. give journal entries in the books of rising star Limited
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