28. (Forfeiture or shares originally Issued at Premium)
(a) Amritsar Textiles forfeited 250 shares of * 100 each issued at premium of 7 25. Amount
payable * 30 on application ; * 55 on allotment (including premium) and the balance in
two equal instalments. The shareholder has not paid the allotment and subsequent two
calls. Pass entry for forfeiture.
(b) What difference will be there if the two call are not received by the company in the
above questions.
(Adapted J & K Board)
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Answer:
cda866gueqfu8wrfu3rrgf3uFiG3uo cd ijCjvidCr
Explanation:
1++2+++2+++2+2+2+2+2+
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