Question

H limited having an authorised capital of Rs 20,000 shares @ Rs 10 each , issued 15,000 shares to public . Applications were received for 10,000 shares . The amount payable was as follows : On Application Rs 3 per share : On Allotment Rs 4 per share : On First call Rs 2.50 per share : On Final call Rs 2.50 per share. All sum was duly received by the company except the following : Mr Perfect holder of 100 shares did not pay allotment and call money . Mr Right holder of 200 shares did not pay call money. Company forfeited all the shares of Mr Perfect and subsequently re-issued them at Rs 8 fully paid up. Pass entries , prepare the Balance Sheet and state the total of the Balance Sheet. *


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Answer 1

Answer:

per 3 rupees is the answer of question

Answer 2

JOURNAL ENTRIES IN THE BOOKS OF H LTD.

Explanation:

REFER TO THE ATTACHMENTS FOR THE JOURNAL ENTRIES.