please answer this question of 2nd PUC
I will make u as brainlist
Answers
Answer:
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"""""please mark me as brainliest please"""""
Explanation:
A Ltd issued 10,000 shares @Rs.10 each at a premium of Rs.2 per share payable On Application Rs.2 on application, Rs.5 on allotment (including premium), On first call Rs.3 and the balance on final call. Applications received for 30,000 shares and the Company made allotment on prorate basis to the applicants for 12,000 shares.
Ram the holder of 900 shares failed to pay the allotment money and on his subsequent failure to pay the first call his shares are forfeited. Krishna the holder of 500 shares failed to pay the first call and final call. His shares are forfeited after the final call. 1,000 shares are reissued @Rs.9 per share, the whole of Krishna's shares are included. Show journal entries