Entry for the forfeiture of the above shares, Accounting Basics

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Entry for the forfeiture of the above shares

X Ltd. issued 100 shares of $10 each to Raul at a premium of $4 per share. Only $3.50 per share have been received on these shares on Application.Raul has not paid $6.50 on Allotment, $2 on first call and $2 on Final call> Entry for the forfeiture of the above shares?

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Accounting Basics: Entry for the forfeiture of the above shares

Reference No:- TGS0693270

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Accounting Basics: Entry for the forfeiture of the above shares

Reference No:- TGS0693270

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : System at equilibrium

Q : Prepare a table of entities and activities

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Q : How does alluvia treat this transaction for tax purposes

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Entry for the forfeiture of the above shares

Reference No:- TGS0693270

Recent Questions Asked Accounting Basics

Q : System at equilibrium

Q : Prepare a table of entities and activities

Q : Record the beginning balances

Q : How does alluvia treat this transaction for tax purposes

Q : Entry for the forfeiture of the above shares

Q : Surface area of the cylinder

Q : Calculate the value of delta g for the reaction

Q : Compute the present value of the pension obligation

Q : What is the new basis of the equipment

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