Kamal Ltd. was formed on 1st April, 2010 with an authorised capital of ₹ 2,00,000, divided into 2,000 Equity Shares of ₹ 100 each. 1,000 shares were issued as fully paid to the vendors of building for payment of the purchase consideration. The remaining 1,000 shares were offered or public subscription at a premium of ₹ 5 per share payable as: Applications were received for 900 shares which were duly allotted and the allotment money was received in full. At the time of the first call, a shareholder who held 100 shares failed to pay the first call money and his shares were forfeited. These shares were reissued @ ₹ 60 per share, ₹ 70 per share paid-up. Final call has not been made. You are required to (i) give necessary journal entries to record the above transactions and (ii) show how share capital would appear in the Balance Sheet of the company.

Kamal Ltd. was formed on 1st April, 2010 with an authorised capital of

1.	Kamal Ltd. was formed on 1st April, 2010 with an authorised capital of ₹ 2,00,000, divided into 2,000 Equity Shares of ₹ 100 each. 1,000 shares were issued as fully paid to the vendors of building for payment of the purchase consideration. The remaining 1,000 shares were offered or public subscription at a premium of ₹ 5 per share payable as: Applications were received for 900 shares which were duly allotted and the allotment money was received in full. At the time of the first call, a shareholder who held 100 shares failed to pay the first call money and his shares were forfeited. These shares were reissued @ ₹ 60 per share, ₹ 70 per share paid-up. Final call has not been made. You are required to (i) give necessary journal entries to record the above transactions and (ii) show how share capital would appear in the Balance Sheet of the company.
Answer» 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 aboveHOPE it's helpMark as brainliest Follow mw

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