Kishna Ltd Issued 15,000 Shares Of Rs 100 Each At A Premium Of Rs 10 Per Share, Payable As Follows- Accountancy

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12. Kishna Ltd issued 15,000 shares of Rs 100 each at a premium of Rs 10 per share, payable as follows:

On ApplicationRs.30
On AllotementRs.50 (including premium)
On first and final callRs.30

All the shares subscribed and the company received all the money due, With the exception of the allotment and call money on 150 shares. These shares were forfeited and reissued to Neha as fully paid share of Rs 120 each Give journal entries in the books of the company.




Books of Kishna Ltd

Journal










Chapter-1 Accounting for Share Capital-II


Location: India

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