Question

DIVISUUTENI
24. A shareholder applied for 10,000 shares of ? 10 each at a premium of ? 2 per share. He was
allotted 8,000 shares. After having paid ? 6 per share (including premium), he did not pay
the allotment money of 2 6 per share and his shares were forfeited. Later on the forfeites
shares were re-issued for 2 10,000 as fully paid-up.
Pass necessary Journal entries in the books of the company,
Ans. Amount not received on 8,000 Shares on Allotment, Forfeited Shares AlcTransferred in
Capital Reserve ? 34,000.)
shares of 7 10 each at a​

Answer 1

Answer:

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