Question

(b) Z Ltd. forfeited 1,000 shares of 10 each issued at 30% premium to Kavita
as un .
(T8 called-up) on which she did not pay 15 of allotment (including premium)
and first call of 33. Out of these, 400 shares were re-issued to Savita as *
called-up for 76 per share and 300 shares to Namita as fully paid-up for 11
per share at different intervals of time.​

Answer 1

Answer:

refer the attachment for the answer