x ltd. forfeited 1000 shares of rupees 50 each for the non-payment of – InterviewSolution

1.	x ltd. forfeited 1000 shares of rupees 50 each for the non-payment of allotment rupees 20 and first and final call of rupees 10 per share. later on 600 shares were re-issued for rupees 60 as fully paid up journalise.
Answer» tion:X ltd. forfeited 1000 shares of rupees 50 each for the non-payment of allotment rupees 20 and first and FINAL call of rupees 10 per share. later on 600 shares were re-issued for rupees 60 as fully paid up journalise. thankyou for asking questions KEEP asking me

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