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22. Shiva Ltd. issued 30,000 shares …

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22. Shiva Ltd. issued 30,000 shares of 10 each @ a premium of 2 payable as under: Paper 2017-18 On Application 4/ On Allotment - On Share First and Final Call - *5 (including 2 premium) Applications were received for 85,000 shares and pro-rata allotment was made among all the applic Excess application money was utilized towards allotment and first call. All calls were made and duly received except Anu who applied for 3,400 shares and did not pay anything thereafter. H shares were forfeited after final call and these were reissued at 9 each fully paid up. Pass necessary journal entries.

Posted by Lucky Thakurl 1 year ago

CBSE > Class 12 > Accountancy

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