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150 shares of ₹ 10 each issued at a premium of ₹ 4 per share payable with allotment were forfeited for non-payment of allotment money of ₹ 8 per share including premium. The first and final call of ₹ 4 per Pass Journal entries in the books of X Ltd. for the above. |
| Answer» RES of ₹ 10 each issued at a PREMIUM of ₹ 4 PER share payable with allotment were forfeited for non-payment of allotment money of ₹ 8 per share including premium. The first and final call of ₹ 4 per PassExplanation:Calculation is GIVEN in the Tabular column. | |