On January 1. 2015. the Director of X Ltd. issued for public subscription 50.000 equity shares of Rs. 10 each at Rs. 12 per share payable as to Rs. 5 on application (including premium), Rs. 4 on allotment andthe balance on call on May 01. 2015.The list were closed on February 10. 2015 by which date applications for 70,000 shares were received.
Of the cash received Rs. 40.000 was returned and Rs.60.000 was applied to the amount due on allotment.
the balance of which was paid on February 16. 2015.
Company Accounts and Analysis of Financial Statements All the shareholders paid the call due on May 01. 2015 with the exception of an allotted of 500 shares. These shares were forfeited on September 29, 2015 and reissued us fully paid at Rs. 8 per share on November 01. 2015. The company, as a matter of
policy does not maintain a calls-in-arrears account.
Give journal entries to record these share capital transactions in the books of X. Ltd.
Answers
Answered by
1
Answer:
sorry i don't know that answer sorry i am in 7th CLASS please mark me brainliest
Similar questions