Excell Company Limited made an issue …
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Excell Company Limited made an issue of 1,00,000 Equity Shares of R 5 .10 each, payable as follows:
X, the holder of 400 shares did not pay the call money and his shares were forfeited. Two hundred of the forfeited shares were reissued as fully paid at R 5 .8 per share. Draft necessary journal entries and prepare Share Capital and Share Forfeited accounts in the books of the company.
Rs.5.00 per share
Rs.2.50 per share
Rs.2.50 per share
Rs.
On 1st and Final Call
On Allotment
On Application
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