CA CPT Dec 2017 Question Paper Fundamentals of Accounting for online practice

A Company issued 30,000 shares of ₹ 10 each, payable as ₹ 3 on application, ₹ 3onallotment and ₹ 4 on call. Applications were received for 50,000 shares. Allotmentwas made on pro-rata basis. Excess application money was refunded. Mr. X, a holderof 100 shares failed to pay the call money. His shares were forfeited. The abovetransactions are related to :