Madhu Ltd. invited applications for 3,000 shares of 10 each, at a discount of 10%, payable as

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Madhu Ltd. invited applications for 3,000 shares of ₹10 each, at a discount of 10%, payable as follows:

The whole of the issue was subscribed and paid for, except the final call on 400 shares, which were forfeited by the company, after giving due notice. Pass journal entries for forfeiture.

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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Posted: Aug 30, 2023 06:25 AM

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Madhu Ltd. invited applications for 3,000 shares of 10 each, at a discount of 10%, payable as

Question:

application On On allotment On first and final call *25 *30 735

Step by Step Answer:

Date Particulars Journal Entry Share Capital Ac ...View the full answer

Corporate Accounting

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application On On allotment On first and final call 25 30 735