Question

65. Shimla Ltd. issued a prospectus offering 10.000 Equity Shares of 20 each at 22 per share payable as follows On Application 73 per share On Allotment & per share (including premium) On First call 6 per share per share On Last call ₹5 All shares were subscribed and duly allotted. A share holder, the holder of 400 equity shares did not pay the amount due on first call. These 400 shares were forfeited by the BOD and 3000 of these were subsequently re-issued, credited 3 15 paid for 13 per share. Recond necessary entries in the joumal of company. (H.P.U. B.Com. 2019​

Answer 1

Answer:

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