Question

AB Ltd. Invited applications for issuing 1,00,000 equity shares of Rs. 10 each. The
amount was payable as follows: On Application Rs 3 per share; On allotment R$ 2 per
share, and on 1st and final call Rs 5 per share. Applications for 1,50,000 shares were
received and prorata allotment was made to all applicants as follows Application for
80,000 shares were allotted 60,000 shares on pro-rata basis ; Application for 70,000
shares were allotted 40,000 shares on pro-rata basis, Sudha to whom 600 shares were
allotted out of the group 80,000 shares failed to pay allotment money Her shares were
forleited immediately after allotment Asha who had applied for 1,400 share out of the
group 70,000 shares falled to pay the first and final call Her shares were also forleited.
Out of forfeited shares 1,000 shares were reissued @ Rs.8 per share fully paid up The
reissued shares included all the foreited shares of Sudha​

Answer 1

Answer:

Here is it

Explanation:

Dropped in the image below