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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

    • Posted by Navpreet Kaur 48 minutes ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    110 Prakash Engineering Company issued for public subscription 40,000 equity shares of 10 each at a premium of under: 2 per share, payable as *2 per On application On allotment On first call On final call *5 per share (including premium) 2 per share 3 per share Applications were received for 75,000 shares equity shares. The shares were allotted on pro-rata basis to the applicants of 60,000 shares only, the remaining applications being rejected. Money overpaid on applications was utilized toward the sum due on allotment. Ashok to whom 3,000 shares were allotted failed to pay the allotment money and the two calls. Baneet who applied for 3,000 shares paid the call money along with allotment money. Shares of Ashok were forfeited and reissued at maximum permissible amount as per law. Pass journal entries to record the above transactions. share

    • Posted by Nirmala Dubey 11 hours ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    • Posted by Banjara 07 14 hours ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    • Posted by Arman Jaat 17 hours ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    • Posted by Vibhuti Kumar 17 hours ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Banjara 07 14 hours ago

    Cash book

    0Thank You

    Arman Jaat 17 hours ago

    Capital a/c

    0Thank You

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    • Posted by Srishti Titoriya 18 hours ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Jaspal Kaur 1 day, 15 hours ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Satyam Suman 23 hours ago

    Realisation a/c dr To girija's capital a/c

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    • Posted by Jaspal Kaur 1 day, 15 hours ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Lily L 1 day, 17 hours ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Soumya Singh 1 day, 17 hours ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Priyanshu Rawat 1 day, 17 hours ago

    ?

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    • Posted by Piyush Sharma 1 day, 20 hours ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Anamika Sharma 1 day, 19 hours ago

    P's current a/c dr. 8000 To cash acc 8000

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    • Posted by Itz Me 1 day, 20 hours ago

    CBSE > Class 12 > Accountancy
    • 3 answers

    Neev Garg 19 hours ago

    Yes

    0Thank You

    Royal Thakur 🤘 1 day, 16 hours ago

    Nope....

    0Thank You

    Priyanshu Rawat 1 day, 17 hours ago

    No

    0Thank You

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    • Posted by Bhumika Bashani 1 day, 22 hours ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Banjara 07 2 days, 16 hours ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Satyam Suman 2 days, 16 hours ago

    Yes it is in death of partner

    1Thank You

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    • Posted by Nikita Lunawat 3 days ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Satyam Suman 2 days, 22 hours ago

    18000

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    • Posted by Banjara 07 3 days, 5 hours ago

    CBSE > Class 12 > Accountancy
    • 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.

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    Anamika Sharma 1 day, 19 hours ago

    Reserve capital is the uncalled amount per share

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    • Posted by Harshita Rathore 3 days, 15 hours ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Rashmi Raj 1 day, 15 hours ago

    NPO is company which promotes charity and welfare of communities.

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    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.

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    • Posted by Banjara 07 3 days, 23 hours ago

    CBSE > Class 12 > Accountancy
    • 3 answers

    Sakshi Hirawat 2 days, 18 hours ago

    Current account

    0Thank You

    Satyam Suman 3 days, 15 hours ago

    Current account

    1Thank You

    Anamika Sharma 3 days, 18 hours ago

    Current a/c

    1Thank You

    ANSWER

    • Posted by Banjara 07 4 days, 15 hours ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Satyam Suman 3 days, 23 hours ago

    Liability side of balance sheet

    1Thank You

    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.. 😍

    1Thank You

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    • Posted by Banjara 07 4 days, 15 hours ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Satyam Suman 3 days, 23 hours ago

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

    1Thank You

    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👌

    1Thank You

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    • Posted by Anamika Sharma 4 days, 21 hours ago

    CBSE > Class 12 > Accountancy
    • 3 answers

    Fathima Hadiya 17 hours ago

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

    0Thank You

    Anamika Sharma 3 days, 18 hours ago

    Woahh! Same here

    0Thank You

    Satyam Suman 3 days, 23 hours ago

    I want to be a chartered accountant

    1Thank You

    ANSWER

    • Posted by Shah Devansh 5 days, 13 hours ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Sachin Kaushik 5 days, 13 hours ago

    Firm 74000

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    • Posted by Uma Pal 6 days, 19 hours ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Sanket Sharma 6 days, 21 hours ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Sia 🤖 6 days, 20 hours ago

    Please ask question with complete information.

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    ANSWER

    • Posted by Rekha Devi 1 week ago

    CBSE > Class 12 > Accountancy
    • 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.

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    • Posted by Priyanka Patel 1 week ago

    CBSE > Class 12 > Accountancy
    • 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.

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    • Posted by Monisha Agarwal 1 week ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Shan😉 .Va 6 days, 19 hours ago

    Closing inventory 110000 Opening inventory 130000

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    • Posted by Prabhjot Kaur 1 week, 1 day ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Swarnima Singh 1 week ago

    Give complete question.

    1Thank You

    Sia 🤖 1 week, 1 day ago

    Please ask question with complete information.

    0Thank You

    ANSWER

    • Posted by Crazy Girl 1 week, 1 day ago

    CBSE > Class 12 > Accountancy
    • 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.

    1Thank You

    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

    0Thank You

    Priyanshu Rawat 1 week ago

    40000

    1Thank You

    Swarnima Singh 1 week ago

    40000 on income side of income and expenditure account.

    1Thank You

    ANSWER

    • Posted by Itz Me 1 week, 2 days ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Anamika Sharma 1 week, 2 days ago

    Boards next month

    3Thank You

    Satyam Suman 1 week, 2 days ago

    Giving board exam this year

    1Thank You

    ANSWER

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