Question



Secondary School  

Accountancy  5 points

Sargam Ltd. Invited applications for issuing 80,000
at a par. The amount was payable as follows:
2, on first call *3, on second and final call 4. A!
received. Shares were fully allotted to all the approa
allotment money which was 1500. His shares were
not pay the first call on 375 shares applied by
after the first call. The forfeited shares were re
Afterwards the second and final call was made
necessary journal entries for the above transactions
13. 5 Ltd. invited applications for issuing 50000 equity sh
of *2 per share payable as 2 on application, 14 on anem
65 on second and final call. Applications for 70000 Share
Applications for 10000 shares were rejected and the app
r issuing 80,000 equity shares of 10 each
As follows: On application - 1, on allotment *
nal call 24. Applications for 75000 shares were
" to all the applicants. Amar failed to pay his
00. His shares were forfeited immediately. Sita did
ares applied by him. His shares were also forfeited
"elted shares were reissued at 9 per shares fully paid up.
a final call was made and was duly received. Pass the
ries for the above transactions in the books of Sargam Ltd.​

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Answer 1

Answer:

it's answer is too long, use Dk goel book for practice