Question

Sunrise company Ltd offered for public subscription 10000 shares of₹10 each at ₹11. Per share payable as follows ₹3 on application, ₹4 on allotment (including premium), ₹4 on 1st call
Application received for 12000 shares and the directors made pro rata allotment
Mr Ahmad an applicant of 120 shares could not pay the allotment and call money
Mr Basu a holder of 200 shares failed to pay call money,all these shares were forfeited .
Out of the forfeited shares 150 shares ( including whole of Ahmad's share) were issued at ₹8 per share. Record journal entries

Answer 1

Answer:

Each at 11 per share. money was payable as follows: 3 on application, 4 allotment ( including premium) , 4 on first and final call. applications were received for 12000 shares and the directors made pro-rata allotment. mr. ahmad, an applicant for 120 shares, could not pay the allotment and call money and mr. basu, a holder of 200 shares, failed to pay the call. all these shares were forfeited. out of the forfeited shares, 150 shares ( the whole of mr. ahmad's shares

Answer 2

Answer:

here is your answer

me ahmed had applied for 120 shares but the shares allotted to him were 100 - -- 10000/12000*120