Question

A ltd forfeited 200 shares of rupees 10each fully called up held by Swati for non payment of allotment money of rupees 3 per shares and final call if rupees4 per shares she paid the application money at rupees 3 per shares

Answer 1

Answer:yes

Explanation:

Equity capital (200*10) 2000₹

To forfeiture of shares (200*3) 600₹

To allotment of shares (200*3) 600₹

To first and final call (200*4) 800₹

Answer 2

Answer:

share capital a/c dr 2000

To forfeiture A/c 600

To allotment A/c 600

To first and final call A/c. 800