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Sharda ltd. Forfeited 400 shares of rs. 10 each issued at 30%premium held by mr.r (Rs.8 called up ) on which he did not pay Rs.5 on allotment (including premium )and first call of Rs.3. Out of these, 160 shares were reissued to Mr.T as Rs.8 paid up for Rs.6 per share and 120 shares to Mr.S as fully paid up for Rs.11 per share at different intervals of time.Journalise.


Asked by Anjali83 18th March 2018, 5:56 AM
Answered by Expert
We already have similar questions answered on our website. You may refer to Q 51 on the link provided below to have a better understanding of the concept so involved. In case if you still have a doubt kindly revert back to us, we will definitely help you solve the problem.
Answered by Expert 19th March 2018, 10:19 AM
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