Ask questions which are clear, concise and easy to understand.

Ask Question
Kayafab Ltd. issued 1,00,000 equity shares of Rs. 10 each payable as Rs. 2 on application; Rs. 4 on allotment and Rs. 2 each on first and final call. Applications were received for 1,50,000 shares. Applicants of 50,000 shares were sent letters of regret and application money was refunded Madhur, a holder of 3,000 shares failed to pay allotment money which he paid along with the first call. Rohan, a shareholder holding 700 shares paid both the calls along with allotment. Sohan, a holder of 1,000 shares did not pay the first call and the final call. His shares were forfeited. The forfeited shares were reissued at Rs. 11 per share as fully paid-up. Pass necessary journal entries for the above transactions in the books of the company.​ 1 SEE ANSWER ADD ANSWER +5 PTS Log in to add comment ajilbhargavan14 is waiting for your help. Add your answer and earn points. Answer 7 saivamshi96goud Ambitious 28 answers 664 people helped Explanation: Money received in Share application account - 4,50,000 (1,50,000 X 3) Less: Money for share allotment - 3,00,000 (100000 X 3) Less: money for shares rejected - 60,000 (20000 X 3) To keep reading this answer, download the free app Join millions of students having fun with homework 4.6 VIEW ANSWER IN-APP mitgliedd1 and 7 more users found this answer helpful THANKS 7 0.0 (0 votes) Still have questions? FIND MORE ANSWERS ASK YOUR QUESTION New questions in Accountancy 620 From the following Receipts and Payment Account of Pioneer Cricket Club and from theinformation supplied, prepare Income and Expenditure Account f … 78. Jounalise the following transactions and post them to ledger accounts. 2017 Jan 01 Jan 04 Jan 10 Jan 20 Jan 25 Jan 31 ₹ 1,20,000 20,000 30,000 10, … Give one word/phrase/term. 2) organization which are owned by government​ The Capital accounts of Tisha and Divya Question 44)Stock on date of fire is Rs.50,000 andPolicy amount is Rs. 25,000 and the entirestock is destroyed, claim will be​ Q.11. The following are the details of a spare part of Sriram mills:Nil1-1-2016Opening InventoryPurchases1-1-2016100 units @ Rs. 30 per unitIssued for … Write a program using HTML with following specificationThe background colour should be redThe text colour should be green.- The heading should be larg … 13) Indian retailers face the challengeofA) Satellite ChannelsB) Cash transactionsC) InfrastructureD) Manpower​ Accountancy .... class 11 th ....​ Hola [email protected], alguien conoce sobre el tema, llevé esta materia hace 11 años en bachillerato y ahora lo veo en lic y no recuerdo bien.Capitalización bur … Previous Next Ask your question WE'RE IN THE KNOW This site is using cookies under cookie policy. You can specify conditions of storing and accessing cookies in your browser Company About us Blog Careers Advertise with us Terms of Use Privacy Policy Cookie Policy Community Brainly Community Brainly for Schools & Teachers Community Guidelines Content Guidelines Honor Code Become a Volunteer Help Signup Help Center Safety Center Responsible Disclosure Agreement Get the Brainly App Download Android App
  • 0 answers
  • 2 answers

Banjara 07 14 hours ago

Cash book

Arman Jaat 17 hours ago

Capital a/c
  • 1 answers

Satyam Suman 23 hours ago

Realisation a/c dr To girija's capital a/c
  • 0 answers
  • 3 answers

Neev Garg 19 hours ago

Yes

Royal Thakur 🤘 1 day, 16 hours ago

Nope....

Priyanshu Rawat 1 day, 17 hours ago

No
  • 1 answers

Satyam Suman 2 days, 16 hours ago

Yes it is in death of partner
  • 2 answers

Rashmi Raj 1 day, 15 hours ago

Reserve Capital is defined as a part of subscribed uncalled capital, which will not be Called up until and unless the company goes into liquidation.

Anamika Sharma 1 day, 19 hours ago

Reserve capital is the uncalled amount per share
  • 2 answers

Rashmi Raj 1 day, 15 hours ago

NPO is company which promotes charity and welfare of communities.

Banjara 07 3 days, 5 hours ago

NPO refers to those organisations which are set up with the motive of providing services to a specific group or to the public at large ,and not with the purpose of earning profit.
  • 2 answers

Satyam Suman 3 days, 23 hours ago

Liability side of balance sheet

Nikhil Tomar 4 days, 6 hours ago

Liability side in balance sheet because it is of capital receipt and income &expenditure a/c doesn't record capital transactions.. 😍
  • 2 answers

Satyam Suman 3 days, 23 hours ago

It is income so it is shown in income side of income and expenditure account

Nikhil Tomar 4 days, 6 hours ago

Income side if general legacy is given and . if specific legacy is given then we take it on liability side of bal. Sheet👌
  • 3 answers

Fathima Hadiya 17 hours ago

I want to be a chartered accountant and also to be clinical psychologist

Anamika Sharma 3 days, 18 hours ago

Woahh! Same here

Satyam Suman 3 days, 23 hours ago

I want to be a chartered accountant
  • 1 answers

Sia 🤖 6 days, 20 hours ago

Please ask question with complete information.

  • 1 answers

Sia 🤖 1 week ago

Household Services means activities taught to or performed by a caregiver for a resident such as cooking, cleaning, budgeting, and other household care or maintenance tasks.
Producer services providers are firms that sell services primarily to the business community rather than to individuals and households. Accounting firms, consultants, and computer design services are prominent examples of producer services businesses.

  • 1 answers

Sia 🤖 1 week ago

In accounting, a consumable is a small, everyday item that is bought, 'used up', and then replaced. Consumables can also be referred to as 'consumable goods', 'soft products' or 'non-durable products'. We use consumables every day; for example, we consume food and water. In the same way, a business can consume goods.
  • 2 answers
Give complete question.

Sia 🤖 1 week, 1 day ago

Please ask question with complete information.

  • 4 answers

Sia 🤖 1 week, 1 day ago

Income and Expenditure Account
for the year ending 31st march 2019

Expenditure Income
          By Subscriptions (₹ 400 {tex}\times{/tex} 100) 40,000

Rs.40,000 credited to Income And Expenditure Account.

Crazy Girl 1 week ago

But Outstanding subscription jo diya huaa h 31st March 2019 were ₹2000 wo record nhi hoga aisa kyo plz explain kr digiye na
40000
40000 on income side of income and expenditure account.

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

CBSE Test Generator

Create papers in minutes

Print with your name & Logo

Download as PDF

3 Lakhs+ Questions

Solutions Included

Based on CBSE Blueprint

Best fit for Schools & Tutors

Work from Home

  • Work from home with us
  • Create questions or review them from home

No software required, no contract to sign. Simply apply as teacher, take eligibility test and start working with us. Required desktop or laptop with internet connection