Accountancy, asked by philessonmajaw, 1 day ago

Apaar Ltd forfeited 4,000 shares of 20 each, fully called up, on which only application money of 6 has been paid. Out of these 2,000 shares were reissued and 8,000 has been transferred to capital reserve. Calculate the rate at which these shares were reissued.

Answers

Answered by sainikruthi44

Answer:

₹18 Per share

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Answered by harishkumarhk5577797

Answer:

Share capital ac dr 40000 To calls in arrear ac 28000 To share forfeiture ac 12000 Bank ac dr 18000 Share forfeiture ac dr 2000(w.n.1) To share capital ac 20000 Share forfeiture ac dr 4000 To capital reserve ac 4000 Working note: 1.share forfeited (related to reissue) =12000×2000/4000 =6000 Now, amount transferred to capital reserve=4000 Therefore, discount allowed on reissue=6000-4000=2000 Thus, share reissued at =(20000-2000)/2000=9 Ans. shares reissued at Rs.9 per share

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Apaar Ltd forfeited 4,000 shares of 20 each, fully called up, on which only application money of 6 has been paid. Out of these 2,000 shares were reissued and 8,000 has been transferred to capital reserve. Calculate the rate at which these shares were reissued. ​

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Apaar Ltd forfeited 4,000 shares of 20 each, fully called up, on which only application money of 6 has been paid. Out of these 2,000 shares were reissued and 8,000 has been transferred to capital reserve. Calculate the rate at which these shares were reissued.