Question

Venus Ltd.' was registered with an authorised capital of 40,00,000 divided into 4,00,000 equity shares
of 10 each.70,000 of these shares were issued as fully paid to M/s. Star Ltd.' for building purchased from
them. 2,00,000 shares were issued to the public and the amounts were payable as follows:
On Application
3 per share
On Allotment
2 per share
On First Call
2 per share
On Second and Final Call
3 per share
The amounts received on these shares were as follows:
On 1,00,000 shares
Full amount called
On 60,000 shares
*7 per share
On 30,000 shares
5 per share
On 10,000 shares
3 per share
The directors forfeited 10,000 shares on which only * 3 per share were received. These shares were
reissued at 12 per share fully paid. Pass necessary Journal entries for the above transactions in the books
of Venus Ltd.




with explaination pls​

Answer 1

Answer:

i hope this will help you......

Answer 2

Answer:

this is the correct answer.