Question

Q. 25. Xx Ltd. was registered with an authorised capital of 2,00,000 shares of 10
each. I purchased assets of Y Ltd. for 3,00,000 and issued fully paid shares for
purchase consideration. It also invited applications for 1,20,000 shares payable as
under:
1:
32.50 on application
2.50 on allotment
12_òn first call and 3 on final call.
Sarkar, who had been allotted 400 shares failed to pay the final call. His shares
avere forfeited and ſe-issued at 58.50 per share as fully paid up. Pass entries in the Cash
Book and Journal. Show the Share Capital in the Balance Sheet of the Company.​

Answer 1

Answer:

32.50 on application

2.50 on allotment

12_òn first call and 3 on final call.

Sarkar, who had been allotted 400 shares failed to pay the fhxjffk