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Accountancy > accounting-for-companies > Accounting For Share Capital
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Question 1
Xeno Ltd. issued 25,000 equity shares of ₹10 each. The amount was payable as follows: On Application: ₹4 per share On Allotment: ₹5 per share On First and Final call: Balance All the shares offered were applied for and allotted. All the money due on allotment was received except on 1,500 shares. These shares were forfeited immediately after allotment. First and final call was not yet made. At the time of forfeiture, Share Capital Account will be debited by:
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