Sagar company Ltd. issued 20000 shares of Rs. 100 each, at a discount Rs. 10 per...

 

Transcribed Image Text:

Sagar company Ltd. issued 20000 shares of Rs. 100 each, at a discount Rs. 10 per share. The amount payable as follows: Rs. 20 Rs. 20 On applications On allotments On 1st call On Final call Rs. 20 All the shares were subscribed and the money duly received except the final call on 100 shares. The directors forfeited these shares and re-issued them as fully paid at Rs. 80 per share. Pass the Journal entries related to issued shares, forfeited and re- issued. Rs. 30 Sagar company Ltd. issued 20000 shares of Rs. 100 each, at a discount Rs. 10 per share. The amount payable as follows: Rs. 20 Rs. 20 On applications On allotments On 1st call On Final call Rs. 20 All the shares were subscribed and the money duly received except the final call on 100 shares. The directors forfeited these shares and re-issued them as fully paid at Rs. 80 per share. Pass the Journal entries related to issued shares, forfeited and re- issued. Rs. 30

Answer rating: 100% (QA)

nsidering the C2000020 Banke Alede to show application eqshone appliance Alc d To share ... View the full answer