Question

51. R.P. Ltd. forfeited 1,500 shares of Rahim of 10 each issued at a premium of 33 per share for non-payment
of allotment and first call money. Rahim had applied for 3,000 shares. On these shares, amount was payable
as follows:
On application
3 per share,
On allotment (including premium)
5 per share,
On first call
* 3 per share,
On final call
Balance
Final call has not been called up. 1,000 of the forfeited shares were reissued for 8,500 as fully paid-up.
Record the necessary Journal entries for the above transactions in the books of R.P. Ltd.
(CBSE 2020)
[Ans.: Capital Reserve-3,500.]
52. The Hindustan Manufacturing Ltd. had a total subscribed sanital nf 10 non in South​

Answer 1

Answer:

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