ISSUE OF SHARES COMPANY ACCOUNTS T.S.GREWAL Ch-8 Que no-99(Pro-Rata Allotment)Class 12 Accounts скачать в хорошем качестве

ISSUE OF SHARES COMPANY ACCOUNTS T.S.GREWAL Ch-8 Que no-99(Pro-Rata Allotment)Class 12 Accounts

ISSUE OF SHARES COMPANY ACCOUNTS T.S.GREWAL Ch-8 Que no-99(Pro-Rata Allotment)Class 12 Accounts Instagram Link : https://www.instagram.com/manojsharma... Nitro Paints Ltd. invited applications for issuing 1,60,000 equity shares of 10 each at a premium of 3 per share. The amount was payable as follows: On Application 1 6 per share (Including premium * 1); On Allotment - 3 per share (Including premium * 1); and The balance on First and Final call. Applications for 1,80,000 shares were received. Applications for 10,000 shares were rejected and pro rata allotment was made to the remaining applicants. Over payment received on application was adjusted towards sums due on allotment. All calls were made and were duly received except allotment and finalcall from Aditya who was allotted 3,200 shares. His shares were forfeited. Half of the forfeited shares were reissued for 43,000 as fully paid-up. Pass necessary Journal entries for the above transactions in the books of Nitro Paints Ltd. (Delhi 2017 C [Ans.: Amount forfeited-17,200; Amount transferred to Capital Reserve-8,600.] #msacademyaccounts #tsgrewal2023 #accountancy #issueofshares #reissueofshares