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92. Bhamashah Company Limited made an …

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92. Bhamashah Company Limited made an issue of 1,00,000 equity shares of ₹ 10 each at a premium of 20% payable as follows: On Application : 2,50 per share On Allotment : 4,50 per share On First and Final Call : Balance Applications were received for 2,00,000 equity shares and the directors made pro-rata allotment. Ranu, who had applied for 800 shares did not pay the allotment and final call money, with the result that his shares were forfeited. Later on 80% of the forfeited shares were reissued at 8 per share fully paid up. da Latinor en het ont Pass the necessary Journal Entries for the above mentioned transactions in the books of the company. {CBSE, Delhi Comptt. 2011}

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CBSE > Class 12 > Accountancy

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