Question

X Ltd. issued 20,000 shares X of of Resolo esch at a pressies 20% Mohit Purchased 500 shares and paid ro. z on app. but did not pay the allotment money of 25. If company forfets, "Share Forfeited Ac will be credited with_​

Answer 1

Answer:

Explanation:particular                                             Dr.                 Cr.

Share capital A/c                                10,000

  To discount of issue of share                               5,000

  To call in arrears                                                    4,500

  To share forfeited A/c                                           2,500.