Dinesh Ltd. issued 5,000 shares of 100 each at par, payable as follows:
₹
On Application
25
On Allotment
25
On First Call
20
On Final Call
30
Anil, holding 100 shares failed to pay the amount of allotment and first call and his
shares were forfeited after the first call.
Sunil, holding 200 shares failed to pay the amount due on final call and his shares
were also forfeited.
Show entries in the Cash Book and Journal of the Company.
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Forgot the cashbook.
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