A Ltd. acquired 3,200 equity shares of B. Ltd. for * 100 each on 31st Dec. 2017. The share capital of
B. Ltd. was 4,000 shares of 100 each. The proportion of holding will be :
va) 4/5: 1/5
b) 2/3 : 1/3
c) 3/5: 2/5
d) 1/2 : 1/2
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Aniket Ltd. issued 40,000 equity shares of Rs. 100 each payable as follows:
On application Rs. 20
On allotment Rs. 30
On first call Rs. 30
On second call Rs. 20
The company received applications for 50,000 equity shares.
Allotment of shares was made on pro-rata basis. Excess application money were adjusted to allotment. Share allotment and calls were made and also received, except Mr. Sanish who was holding 1000 shares failed to pay both the calls. His shares were forfeited after the second call.
Record the given transactions in the books of Aniket Ltd.
Explanation:
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