ISSUE OF SHARE | SC SHARMA | QUESTION 35,36,37,38,39 | CLASS 12TH | BY SHUBHAM BHATT
#share forfeiture ISSUE OF SHARE | SC SHARMA | QUESTION 35,36,37,38,39 | CLASS 12TH | BY SHUBHAM BHATT Q-35 Gagan Ltd. forfeited 1500 share of 10 each for non-payment of first call of 2 per share. the final call of 1 per share was not yet made. the forfeited share were re-issued for 21,000 fully paid up. pass journal entry for forfeiture and re-issue of share. #shubhamsir #gyankalash Q-36 Alok Ltd. forfeited 300 share of 10 each fully called up for the non-payment of allotment money of 3 per share and first and final call money of 4 per share. out of these share, 250 share were re-issued to Shyam for a total payment of 2,000. pass journal entry. Q-38 Venus Ltd. issued 2,000 share of 10 each payable 2 on app, 3 on allot, 2.5 on first call and 2.5 on second call. A holding 400 share paid only application money. B holding 300 share paid upto allotment and C holding 300 share paid upto first call. Company forfeited the shares after first call and re-issued at 5,000. pass journal entry. • SHARE | SAHRE FORREITURE | RE-ISSUE O... Q-39- X Ltd. issued 2,000 shares of 10 each at premium of 2 rs. per share payable on 3 application, 5 allotment, 4 on first call. All share were applied for any money received except Mohan who failed to pay call money on 400 share. his share were forfeited and re-issued at 11 rs. per share. pass journal entry in the books of company and drawn balance sheet. THIS CHANNEL HAS BEEN STARTED TO PROVIDE FREE AND QUALITY EDUCATION TO EVERY SPHERE OF STUDENT. CURRENTLY WE ARE FOCUSING ON CUET 2023 . IN THIS REGARD WE ARE PROVIDING FREE VIDEOS AND PDF FOR ALMOST EVERY SUBJECT. --------------------------------------------------------------------------------------------------------------------------------------- WE ARE TEAM PLAYERS AND EVERY KIND OF SUGGESTION WILL BE TREATED WITH UTMOST CARE AND PRIORITY.. WE ARE ON DIFFERENT SOCIAL MEDIA PLATFORMS ALSO SUCH AS TELEGRAM FACEBOOK AND INSTAGRAM ___________________________________________________________________________________ CONTACT US :- MOILE NUMBER- 7905149322, 8737005559, 7398426213, 6391832894 GMAIL:- [email protected] sc sharma share forfeituresc sharma question 35 sc sharma question sc sharma solution class 12 sc sharma solution class 12 partnership partnership sc sharma solutions class 12 Sc sharma solutions class 12issue if share in accountancy