Issue of shares

This query is : Resolved

Querist : Anonymous

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.

Nikhil Kaushik

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

Rupesh Jain

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

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