Forfeiture of shares class 12

2020-02-18 04:40 Aircel Ltd issued 75, 000 shares of Rs 20 each at par. Amount payable on the application Rs 4 per share, on allotment Rs 12 per share, on first call Rs 2 per share and on second call Rs 2 Per share. A was allotted 300 shares.

Journal entry for forfeiture and reissue of shares. On the directors of ABC CO LTD forfeited 600 equity shares of RS 100 each for nonpayments of first call money of Rs 25 per share& final call money of Rs 15 per share. on, they were reissued at Rs 88 per share as fully paid up. forfeiture of shares class 12

The Questions and Answers of please tell me about compand entry pass in hindi Related: Forfeiture of Share (part 6 ) Class 12, Accountancy are solved by group of students and teacher of Commerce, which is also the largest student community of Commerce.

Forfeiture of Shares. When shares are allotted to an applicant, he and the company enter into a contract automatically. Then such an applicant is bound to pay the allotment money and all the various call monies till the shares are fully paid up. forfeiture of shares class 12

WORKSHEET [A ACCOUNTANCY CLASS 12 CHAPTER: ISSUE OF SHARES. 1. Fresco Ltd. invited applications for issuing 3, 00, 000 Equity shares of Rs. 10 each at a discount of 3. The amount was payable as follows: On Application Rs. 2 per share On Allotment Rs. 4 per share On First and Final call the balance amount The issue was fully subscribed. Oct 06, 2017 Class 12 accounts Company accounts Share forfeiture Forfeiture of share issued at par Accounts adda video 65. Nov 03, 2016 Hello Students, In this video, I will teach you the concept of forfeiture of shares. This concept is very important for examination point of view. Forfeiture of shares class 12th Part 1 Part 1 forfeiture of shares class 12 Forfeiture and Reissue of Forfeited Shares Home Accountancy Accountancy Class 12th Accounting for Share Capital Forfeiture and Reissue of Forfeited Shares Previous Next Forfeiture of shares (Which are originally issued at par) Q. Mr. Y holds 700 shares of Rs. 10 each(352) did not pay allotment money and his shares were being forfeited and final call. the beek 91 8C1td have not been made yet. Hi friends, On this page, I am sharing the class 12th notes and eBook on the topic Forfeiture of Shares of the subject Accounts. This PDF file for class 12 Accounts subject's Forfeiture of Shares topic contains brief and concise notes for easy understanding of topics and quick learning. 1. Forfeiture of shares issued at Par When shares issued at par are forfeited the accounting treatment will be as follows: (i) Debit Share Capital Account with amount called up (whether received or not) per share up to the time of forfeiture. (ii) Credit Share Forfeited Ac. with the amount received up to the time of forfeiture.

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