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53(A). X Ltd. issued 10,000 shares of 20 each payable * 5 on application, on allotment and balance on call. It received application for 18000 shares so it rejected applications for 3,000 shares and allotment was made on pro-rata basis among the remaining applicants. Gupta who was allotted 400 shares failed to pay allotment and callmoney. His shares were forfeited and re-issued at 15 per share.Pass necessary journal entries to record these transactions.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about 53(A). X Ltd. issued 10,000 shares of 20 each payable * 5 on application, on allotment and balance on call. It received application for 18000 shares so it rejected applications for 3,000 shares and allotment was made on pro-rata basis among the remaining applicants. Gupta who was allotted 400 shares failed to pay allotment and callmoney. His shares were forfeited and re-issued at 15 per share.Pass necessary journal entries to record these transactions.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 53(A). X Ltd. issued 10,000 shares of 20 each payable * 5 on application, on allotment and balance on call. It received application for 18000 shares so it rejected applications for 3,000 shares and allotment was made on pro-rata basis among the remaining applicants. Gupta who was allotted 400 shares failed to pay allotment and callmoney. His shares were forfeited and re-issued at 15 per share.Pass necessary journal entries to record these transactions.?.

Solutions for 53(A). X Ltd. issued 10,000 shares of 20 each payable * 5 on application, on allotment and balance on call. It received application for 18000 shares so it rejected applications for 3,000 shares and allotment was made on pro-rata basis among the remaining applicants. Gupta who was allotted 400 shares failed to pay allotment and callmoney. His shares were forfeited and re-issued at 15 per share.Pass necessary journal entries to record these transactions.? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of 53(A). X Ltd. issued 10,000 shares of 20 each payable * 5 on application, on allotment and balance on call. It received application for 18000 shares so it rejected applications for 3,000 shares and allotment was made on pro-rata basis among the remaining applicants. Gupta who was allotted 400 shares failed to pay allotment and callmoney. His shares were forfeited and re-issued at 15 per share.Pass necessary journal entries to record these transactions.? defined & explained in the simplest way possible. Besides giving the explanation of 53(A). X Ltd. issued 10,000 shares of 20 each payable * 5 on application, on allotment and balance on call. It received application for 18000 shares so it rejected applications for 3,000 shares and allotment was made on pro-rata basis among the remaining applicants. Gupta who was allotted 400 shares failed to pay allotment and callmoney. His shares were forfeited and re-issued at 15 per share.Pass necessary journal entries to record these transactions.?, a detailed solution for 53(A). X Ltd. issued 10,000 shares of 20 each payable * 5 on application, on allotment and balance on call. It received application for 18000 shares so it rejected applications for 3,000 shares and allotment was made on pro-rata basis among the remaining applicants. Gupta who was allotted 400 shares failed to pay allotment and callmoney. His shares were forfeited and re-issued at 15 per share.Pass necessary journal entries to record these transactions.? has been provided alongside types of 53(A). X Ltd. issued 10,000 shares of 20 each payable * 5 on application, on allotment and balance on call. It received application for 18000 shares so it rejected applications for 3,000 shares and allotment was made on pro-rata basis among the remaining applicants. Gupta who was allotted 400 shares failed to pay allotment and callmoney. His shares were forfeited and re-issued at 15 per share.Pass necessary journal entries to record these transactions.? theory, EduRev gives you an ample number of questions to practice 53(A). X Ltd. issued 10,000 shares of 20 each payable * 5 on application, on allotment and balance on call. It received application for 18000 shares so it rejected applications for 3,000 shares and allotment was made on pro-rata basis among the remaining applicants. Gupta who was allotted 400 shares failed to pay allotment and callmoney. His shares were forfeited and re-issued at 15 per share.Pass necessary journal entries to record these transactions.? tests, examples and also practice Commerce tests.