Math, asked by Gitanjalikumari, 6 months ago

A company issued shares at 20%premium. Ram applied for 1000 shares but was allotted 500 shares of this company. Find his investment, the face value of a share is Rs.100.​

Answers

Answered by snigdha33
3

Answer:

this may help u

ANSWER

Equity share capital A/c Dr(400*100) 40,000

To Share forfeiture account (400*75) 30,000

To calls in arrear account (400*25) 10,000

(Being share forfeited)

Bank A/c Dr.(300*80) 24,000

Share Forfeiture A/c Dr 6000

To Share capital A/c 30,000

(Being shares forfeited re-issued)

Shares forfeiture A/c Dr (30,000-6000) 16,500

To Capital Reserve A/c 16,500

(Being balance in share forfeiture account transferred to capital reserve

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Answered by rinkukumarmalan804
1

【 rs.60,000 】

= investment on one share

= face value + premium

= 100+100×20/100

=120

= Total investment : 120 × 500

= rs .60,000

【『:: thanks,::』】

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