Question

0.31. X Ltd. issued a prospectus offering 2,00,000 shares of 10 each at 14 per
share, payable as follows:
On Application
On Allotment
76 (including premium 34)
On First Call
On Final Call
Balance
Dinesh, the holder of 1,000 shares, did not pay the amount due on allotment and
first call. His shares were forfeited and 400 of these shares were immediately re-issued
credited 9 paid for 8.40 per share.
Final call was made afterwards and it was duly received
Show entries in the Cash Book and the Journal of the company. Also prepare the
Opening Balance Sheet.​

Answer 1

Answer:

0.31. X Ltd. issued a prospectus offering 2,00,000 shares of 10 each at 14 per

share, payable as follows:

On Application

On Allotment

76 (including premium 34)

On First Call

On Final Call

Balance

Dinesh, the holder of 1,000 shares, did not pay the amount due on allotment and

first call. His shares were forfeited and 400 of these shares were immediately re-issued

credited 9 paid for 8.40 per share.

Final call was made afterwards and it was duly received

Show entries in the Cash Book and the Journal of the company. Also prepare the

Opening Balance Sheet.Thanks for free movie download 2Ashutosh mishra m Mahendra pratap mishra m Mahendra pratap Mishra l am deaf ears and I also want to be a balveer returns of the day many many happy returns of the day 66th std

Answer 2

Answer:

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