Accountancy, asked by arishasaifi108, 4 days ago

9. 200 shares of 7 10 each on which premium was 75 per share, were forfeited for non-payment of 9 per share on allotment amount (including premium). First and final call of 3 was the 7 9 made. These shares were re-issued as fully paid at 3 14 per share. What will be the capita reserve amount?

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Answered by anjuhans1985

Answer:

Give journal entries for forfeiture and re-issued of shares : (a) X Ltd. Forfeited500 shares of Rs. 100 each, Rs. 75 called-up, issued at 10% premium ...

Explanation:

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9. 200 shares of 7 10 each on which premium was 75 per share, were forfeited for non-payment of 9 per share on allotment amount (including premium). First and final call of 3 was the 7 9 made. These shares were re-issued as fully paid at 3 14 per share. What will be the capita reserve amount?​

Answers

9. 200 shares of 7 10 each on which premium was 75 per share, were forfeited for non-payment of 9 per share on allotment amount (including premium). First and final call of 3 was the 7 9 made. These shares were re-issued as fully paid at 3 14 per share. What will be the capita reserve amount?