Arushi Computers Ltd Issued 10,000 Equity Shares Of Rs 100 Each At 10% Premium The Net Amount Payable As Follows- Accountancy

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13. Arushi Computers Ltd. issued 10,000 equity shares of Rs. 100 each at 10% premium. The net amount payable as follows:

On ApplicationRs.20
On AllotementRs.50 (Rs.40 + premium Rs.10)
On first callRs.30
On final callRs.10

A shareholder holding 200 shares did not pay final call. His shares were forfeited. Out of these 150 shares were reissued to Ms. Sonia at Rs. 75 per share.  Give journal entries in the books of the company.




Books of Arushi Computers Ltd.

Journal









Chapter-1 Accounting for Share Capital-II


Location: India

Comments

  1. AnonymousOctober 16, 2022 at 9:47 PM

    Pls help mee

    ReplyDelete
  2. adminOctober 24, 2022 at 10:18 PM

    what's is your problem? ask us on our ask qna community page. - @teambzziii

    ReplyDelete

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