(10) .4 Vraj Ltd. issued 40,000 equity shares of 20 each payable as follows: On Application : 34 On Allotment :76 On First Call : 6 On Second Call : 54 The company received applications for 50,000 equity shares. Allotment of shares was made on pro-rata basis. Share allotment and calls were made and as also received except Ravi holding 1000 shares failed to pay both the calls. His shares were forfeited after second call. Record the above transactions in the books of Vraj Ltd. (8) artnerc charing profit and losses in the ratio of 3.2.1 Their
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Aniket Ltd issued 40,000 equity shares of ` 100 each payable as follows :
On application Rs 20
On allotment Rs 30
On first call Rs 30
On second call Rs 20
The company received applications for 50,000 equity shares. Allotment of shares was made on pro-rata basis. Excess application money were adjusted to allotment. Share
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