Question

Sharad and open Sharad A/c in the books of Damodar
(10)
2.4 Vraj Ltd issued 40,000 equity shares of Rs. 20 each payable as follows:
[8]
On Application : Rs. 4
On Allotment : Rs.6
On First Call Rs 6
On Second Call RS 4
The company received applications for 50,000 equity shares Allotment of shares was made on pro rata
basis Share allotment and calls were made and as also received except Ravi holding 1000 shares failed to pay
both the calls His shares were forfeited after second call
Record the above transactions in the books of Vraj Ltd.
OR
04 Explain

Answer 1

Answer:

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Explanation:

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