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MIG Ltd. Forfeited 40 shares of …

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MIG Ltd. Forfeited 40 shares of Rs 10 each issued at a premium of 40 % to Raj who pad applled for 48 shares. After having paid Rs 6 (including Rs 2 premium), he did not pay allotment money of Rs 2 (including Rs 1 premium) and on his subsequent failure to pay the first call of Rs 3 (including Rs 1 premium) his shares were forfeited. The amount to be credited to Forfeited Share Account is

Posted by Palak Dewangan 3 years ago

CBSE > Class 12 > Accountancy

1 answers

Lakhan Sharma 3 years ago

40×4=160

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