Question

5. Venus
Ltd was registered with an authorised capital of t 40,00 01010) divided us 4,190,000 equity shades on
cach. 70,000 of these shares were issued as fully paid w "Ms. Sim Lid" for building purchased from the
2,00,000 shares were issued to the public and the usununa nete payable as follows:
On Application
73 per share
On Allotinent
2 pet share
On First Call
22 per shade
On Second and Final Call na share
The amounts received on these shares wat is allows:
On 1,00,000 shares
Full amount Carter
On 60,000 shares
Det share
On 30,000 shares
25 per share
On 10.000 shares
R3 pa share
The directions forfeited 10,000 shares on which only <3 pet share were received. These shares were reis
at 12 per share fully paid. Pass necessary journal entries for the above transactions in the books of Venus
Lid
(CBSE Compt. 2013​

Answer 1

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