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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 399 Weeks Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
“Blue Star Ltd.’ was registered with an authorized capital of Rs 2,00,000 divided into 20,000shares of Rs 10 each 6,000 of these shares were issued to the vendor for building purchased8,000 shares were issued to the public and Rs 5 per share were called up as follows:On application – Rs 2 per shareOn allotment – Rs 1 per shareOn first call – Balance of the called up amountThe amount received on these shares were as follows:On 6,000 shares – Full amount calledOn 1,250 shares – Rs 3 per shareOn 750 shares – Rs 2 per shareThe directors forfeited 750 shares on which Rs 2 per share were received. Pass necessaryjournal entries for the above transactions in the books of Blue Star Ltd.
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