Question

A Co. Ltd. offered to the public 20,000 equity shares of Rs. 100 each at a premium of Rs. 10 per share. The payment was
to be as follows:
On Application
Rs. 30 per share
On Allotment
Rs. 30 per share (including premium)
On First call
Rs. 25 per share
On Second & Final call
Rs. 25 per share
Applications were received for 35,000 shares. Applications for 10,000 shares were rejected. Applicants for 25000
shares were alotted 20,000 shares. The Directors made both the calls. One shareholders holding 500 shares failed to
pay the Allotment and two calls and as a consequence his shares were forfeited. 200 of these shares were re-issued
as fully paid at Rs. 80 per share. Expenses of issue came to Rs. 10,000. Prepare cash book and Joumal.
6)​ please solve kardo with working note​

Answer 1

Explanation:

here is the answer of this question