Question

41. (a) A holds 100 shares of 10 each, on which he has paid only 2.50 per share as
application money
(b) B. who holds 200 shares of * 10 each, has paid 2.50 paid 2 per share as application
and allotment money, respectively.
(e) C holds 300 shares of 10 each and has paid 2.50 per share on application, 2 per
share on allotment and 3 per share on first call.
They failed to pay their arrears and the final call. Therefore, the forfeited their shares.
These shares were subsequently re-issued for cash at a discount of 10 per cent.
Record Journal entries in the books of the company to give effect to the above,
Ans. amount transferred to capital reserve Rs2,800​

Answer 1

Answer:

stay happy and keep smiling'

Answer 2

Answer:

is that a question or answer