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If 2000 shares are issued and 2400 are applied app- 40 all-50 (inc. premium 20) calls- 30 . Mr. A applied for 120 shares failed to pay allotment. Later these shares were forfeited . Can anyone give journal entries for this question..

Jahnavi Jaijapuram

CA Foundation

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26-Nov-22 22:52

408

Answers (4)

Weâ??re these shares forfeited after allotment or calls

Jai Adithya

CA Final

★ 14K+

26-Nov-22 22:58

Jai Adithya

Weâ??re these shares forfeited after allotment or calls

After calls

Thread Starter

Jahnavi Jaijapuram

CA Foundation

★ 6K+

26-Nov-22 23:00

Here is the answer

Attachments

Jai Adithya

CA Final

★ 14K+

26-Nov-22 23:06

Jai Adithya

Here is the answer

Thank you.

Thread Starter

Jahnavi Jaijapuram

CA Foundation

★ 6K+

26-Nov-22 23:27