Company issue 30,000 share oversubscribed of 10,000share applicant of ₹40 , including the premium of ₹10 per share. and the firstandfinal call of ₹10 per share .another shareholder who applied for 8000share allotted only 3000 share and another share holders who applied for 1000 share were rejected?

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Company issue 30,000 share oversubscribed of 10,000share applicant of ₹40 , including the premium of ₹10 per share. & the first&final call of ₹10 per share .another shareholder who applied for 8000share allotted only 3000 share & another share holders who applied for 1000 share were rejected?

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Based on the information below you are required to answer the following questions:Sangita Limited invited applications for issuing 60,000 shares of ₹10 each at par. The amount was payable as follows : On Application ₹ 2 per share On Allotment ₹ 3 per share One First and Final Call ₹ 5 per share Applications were received for 92,000 shares. Allotment was made on the following basis :(i) To applicants for 40,000 shares — Full(ii) To applicants for 50,000 shares — 40%(iii) To applicants for 2,000 shares — Nil₹1,08,000 was released on account of allotment (excluding the amount carried from application money) and ₹2,50,000 on account of call.The directors decided to forfeit shares of those applicants to whom full allotment was made and on which allotment money was overdue.How many shares will be issued for the applicants of 50,000 shares?

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GAurav applied for 5000share of 10 each at a premium of 2.50per share. But he was alloted only 2500 share on Pro rata basis. After having paid 3 per share on application he did not pay allotment money of 4.50per share including premium and on his subsequent failure to pay the first call of 2 per share his share were forfeited these share were reissued at the 8 per share ?

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Sunena, a shareholder holding 500 shares of rs10 each, did not pay the allotment money of rs4 per share( including premium of rs2) and the first and final call of rs3. Her shares were forfeited after first and final call. Give necessary journal entry for forfeiture of the shares.?

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2008 -13 Sitco Ltd. Issued 25000 equity share's of Rs.10 Each at a premium of Rs.2 Per share payable as; Application Rs.2 Per share; Allotment Rs.6(Including premium) ; Frist and final calls money of Rs.4 Per share. Application were received for 30000 shares. Excess application money was refunded .One shareholder holding 500 shares failed to pay the frist and final call moneys . Other than that all amounts were duly received .?

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Zee ltd. invited applications for 75000 shares of rs 10 each issued at a premium of rs 4 per share. the amount is payable as follows , on applications rs 5 (including rs 2 premium), on allotment rs 5 (including rs 2 premium) and balance on first and final call . Applications for 100000 shares were received. Allotment was made to all applicants on pro rata basis . Geeta to whom 300 shares were alloted failed to pay allotment and call money . Sangeeta to whom 150 shares were alloted failed to pay the call money. These shares were forfeited. The forfeited shares were reissued rs 12 per share fully paid up. Journalise the above.?

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Company issue 30,000 share oversubscribed of 10,000share applicant of ₹40 , including the premium of ₹10 per share. & the first&final call of ₹10 per share .another shareholder who applied for 8000share allotted only 3000 share & another share holders who applied for 1000 share were rejected? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Company issue 30,000 share oversubscribed of 10,000share applicant of ₹40 , including the premium of ₹10 per share. & the first&final call of ₹10 per share .another shareholder who applied for 8000share allotted only 3000 share & another share holders who applied for 1000 share were rejected? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Company issue 30,000 share oversubscribed of 10,000share applicant of ₹40 , including the premium of ₹10 per share. & the first&final call of ₹10 per share .another shareholder who applied for 8000share allotted only 3000 share & another share holders who applied for 1000 share were rejected?.

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