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Yogeshwar Ltd. forfeited 5 shares of Rs. 10 each issued at 10% premium to umpire (Rs.9 called up) on which he did not pay
Yogeshwar Ltd. forfeited 5 shares of Rs. 10 each issued at 10% premium to umpire (Rs.9 called up) on which he did not pay allotment money (including premium) of Rs. 3 and call money of Rs. 2 per share. What amount is transferred to Share Forfeiture Account?
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Rs 20 Share forfeiture account is credited with t...Get Instant Access to Expert-Tailored Solutions
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