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Q.5 Y Ltd. made pro rata …

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Q.5 Y Ltd. made pro rata allotment of shares of Rs. 10 each in the ratio of 2:3. Ram paid nothing after application money of Rs. 2 per share. If 3/4th of his forfeited shares were reissued at the maximum possible discount of Rs.1320 as fully paid up. Journalize forfeiture and reissue of shares.

Posted by Paras Mal Jain 2 years, 2 months ago

CBSE > Class 12 > Accountancy

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