Vigneshwara Trading Co., Ltd., issued 10,000 ordinary shares of Rs.100 each, at a premium of Rs.10...
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Vigneshwara Trading Co., Ltd., issued 10,000 ordinary shares of Rs.100 each, at a premium of Rs.10 per share. The amount payable is as follows: On Application Rs.20 On Allotment Rs.40 (including premium) On first and final call Rs.50 All the shares were subscribed and the money duly received except the first and final call on 500 shares. The directors forfeited there shares and re-issued them as fully paid at Rs.80 per share. Pass the necessary journal entries in the books of the company. Vigneshwara Trading Co., Ltd., issued 10,000 ordinary shares of Rs.100 each, at a premium of Rs.10 per share. The amount payable is as follows: On Application Rs.20 On Allotment Rs.40 (including premium) On first and final call Rs.50 All the shares were subscribed and the money duly received except the first and final call on 500 shares. The directors forfeited there shares and re-issued them as fully paid at Rs.80 per share. Pass the necessary journal entries in the books of the company.
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Essentials of Marketing Research
ISBN: 978-1305263475
6th edition
Authors: Barry J. Babin, William G. Zikmund
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