Question

. On 1" april, 2018, Bajaj Finance Ltd. issued 30,000 Equity Shares of Rs.
10 each at a premium of Rs. 4 per share, Payable as follows:
Rs. 6 on application (including 1 premium)
Rs. 2 on Allotment (including 1 premium)
Rs. 3 on first call (including 1 premium)
Rs. 3 on second and final call (including ! premium)
Applications were received for 45,000 equity shares, of which applications for
9,000 cquity shares were rejected and their money was refunded. Rests of the
applicants were issued shares on pro-rata basis and their excess money was
adjusted towards allotment.
Rhythm to whom 600 equity shares were allotted, failed to pay the
allotment money and his shares were forfeited after allotment. Vyom who
applied for 1,080 cquity shares failed to pay the two calls and on his such failure,
his shares were forfeited.
1,200 forfeited shares were reissued as fully paid up on receipt of RS. 9
per share, the whole of Vyom shares were included.
Pass necessary journal entries and give the balance sheet of the company.​

Answer 1

Answer:

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Explanation:

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