Issue of shares


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Querist : Anonymous

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Querist : Anonymous (Querist)
06 June 2014 kirti mehta ltd issue 30000 equity shares of rs 10
application - Rs 5 including premium rs.2
allotment- Rs.4
on call Rs.3
application were recd for 40000 shares,
the pro-rata were made,
Mr. satyan holdings 75 shares failed to pay allotment money
what will be the entry on share forfieture.

07 June 2014 sincerely advise you to refer icai study material or class XII accounts book for such queries.

Rupesh Jain (Expert)
07 June 2014 pls read the 12 th/B com Ist year standard accounts book for deeply basis of accounting.


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