Question

B Ltd forfeited 500 sh. @ of Rs. 10 fully called up payment call money This th Out of this sh 200 sh. was reissued at @ Rs. aper she So Jual entry fon ve gerding, fortiture & reissued each. for non of 3per ch. ​

Answer 1

Answer:

Here is your answer

Explanation:

Only application money of Rs. 3 share has been received. As such, the maximum discount allowed by law is Rs. 3 per share. Hence, the shares will be reissued at Ra. 7 per share. No amount will be transferred to Capital Reserve, because there is no gain on reissue of shares.

(2) Profit on shares = Rs. 2,400

Hence, Profit on 500 re-issued shares =2,400/800×500=1,500

Answer 2

Answer:

sorry can't understand yr question