Anju Ltd. issued certain number of shares of Rs. 100.00 each. On all shares the application...

    

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Anju Ltd. issued certain number of shares of Rs. 100.00 each. On all shares the application and allotment monies of Rs.15.00 and Rs. 40.00 respectively have been received. But the first call of Rs. 30.00 and second call of Rs.15.00 on 100 shares have not been received. These shares are forfeited and the entry to record forfeiture is: A B Dr. RsCr. Rs 1,500 4,000 Share Application Account, Share Allotment Account Share Forfeiture Account First call account Second call account Share Forfeiture Account 5,500 Dr. Rs Cr. Rs 3,000 1,500 4,500 C Dr. RsCr. Rs 5,500 Share Capital Account Share Forfeiture Account D Share Capital Account First call Account 5,500 10,000 3,000 Second call Account 1,500 Share Forfeiture Account 5,000 Anju Ltd. issued certain number of shares of Rs. 100.00 each. On all shares the application and allotment monies of Rs.15.00 and Rs. 40.00 respectively have been received. But the first call of Rs. 30.00 and second call of Rs.15.00 on 100 shares have not been received. These shares are forfeited and the entry to record forfeiture is: A B Dr. RsCr. Rs 1,500 4,000 Share Application Account, Share Allotment Account Share Forfeiture Account First call account Second call account Share Forfeiture Account 5,500 Dr. Rs Cr. Rs 3,000 1,500 4,500 C Dr. RsCr. Rs 5,500 Share Capital Account Share Forfeiture Account D Share Capital Account First call Account 5,500 10,000 3,000 Second call Account 1,500 Share Forfeiture Account 5,000

Answer rating: 100% (QA)

correct option is D share capital account is equal to 10000 1... View the full answer