Question

X Ltd. issued 40,000 equity shares of Rs.10 each at a premium of Rs.2.50 per share. The amount was payable as follows :Application - Rs.2 per shareAllotment - Rs. 4.50 per share (including premium)and on Call - Rs.6 per shareOwing to heaving subscription, the allotment was made on pro rata basis as follows :(i) Applicant for 20,000 shares were allotted 10,000 shares.(ii) Applicants for 56,000 shares were allotted 14,000 shares.(iii) Applicants for 48,000 shares were allotted 16,000 shares.It was decided that excess amount received on applications would be utilized on allotment and the surplus would be refunded.Ram, to whom 1000 shares were allotted, who belongs to category (i), failed to pay allotment money. His shares were forgeited after the call.Pass the necessary journal entries.How to make the Analysis table for this?

Answer 1

this is ur answer
i hope this will be helpful for u

Answer 2

Hey you don't need to make that old school analysis table for it.

It will take a lot of time.

I have attached a new and an easy method for pro-rata allotment.

Hope it'll help!!!!!