Question

0.52. Zen Ltd. issued 10,000 equity shares of 10 cach at a premium of 3 per
share payable as
On Application
24
On Allotment
25 (including premium)
On First Call
The balance as and when required
The public applied for 12,000 shares. The company made pro-rata allotment to all
the applicants. One shareholder who was allotted 900 shares paid the entire amount
with allotment while another shareholder who had applied for 1.200 shares failed to
pay the allotment money and on his subsequent failure to pay the first call his shares
were forfeited
Of the forfeited shares, 800 were reissued at 17 per share
You are required to prepare
(1) Share Allotment Account
(in) Securities Premium Reserve Account
(in) Share Forfeiture Account, and
(iv) Calls-in-Arrears Account ISC Sim Casio Pupen 2018​

Answer 1

Answer:

omy good

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Answer 2

What is the answer

Explanation:

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