B Ltd. issued 1,00,000 equity shares of Rs. 10 each to the public at par. The...
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B Ltd. issued 1,00,000 equity shares of Rs. 10 each to the public at par. The details of the amount payable are as follows: Rs. 2.00 Application Allotment Rs. 3.00 First & final call Rs. 5.00 Applications were received for 1,20,000 shares. Excess application monies were refunded. All other amount was received excepting final call on 1,000 shares. These shares were forfeited and reissued at Rs. 8 per share. On reissue of forfeited shares, discount debited to share forfeiture account will be A B C D Rs. 3,000 Rs. 5,000 Rs. 8,000 Rs. 2,000 B Ltd. issued 1,00,000 equity shares of Rs. 10 each to the public at par. The details of the amount payable are as follows: Rs. 2.00 Application Allotment Rs. 3.00 First & final call Rs. 5.00 Applications were received for 1,20,000 shares. Excess application monies were refunded. All other amount was received excepting final call on 1,000 shares. These shares were forfeited and reissued at Rs. 8 per share. On reissue of forfeited shares, discount debited to share forfeiture account will be A B C D Rs. 3,000 Rs. 5,000 Rs. 8,000 Rs. 2,000
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Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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