Recording several transactions in ledgers including shares issued payable in instalments(On application, on allotment and on first and final call), and declaring forfeited shares.

During the year to 30 September 20X7, Kammer plc made a new offer of shares. The details of the offer were as follows:
1. 100,000 ordinary shares of £1 each were issued payable in instalments as follows:
Per Share
On application at 1 November 20X6 0.65
On allotment (including the share premium of £0.50 per share)
on 1 December 20X6 0.55
On first and final call on 1 June 20X7 0.30
2. Applications for 200,000 shares were received, and it was decided to deal with them as follows:
a. To return cheques for 75,000 shares;
b. To accept in full applications for 25,000 shares; and
c. To allot the remaining shares on the basis of three shares for every four shares applied for.
3. On the first and final call, one applicant who had been allotted 5,000 shares failed to pay the due amount, and his shares were duly declared forfeited. They were then reissued to Amber Ltd on 1 September 20X7 at a price of £0.80 per share fully paid.
Note: Kammer’s issued share capital on 1 October 20X6 consisted of 500,000 ordinary shares of £1 each.
Record the above transactions in the following ledger accounts:
(a) Ordinary share capital;
(b) Share premium;
(c) Application and allotment
(d) First and final call;
(e) Forfeited shares; and
(f) Amber Ltd’s account.

Are you looking for a similar paper or any other quality academic essay? Then look no further. Our research paper writing service is what you require. Our team of experienced writers is on standby to deliver to you an original paper as per your specified instructions with zero plagiarism guaranteed. This is the perfect way you can prepare your own unique academic paper and score the grades you deserve.

Use the order calculator below and get ordering with now! Contact our live support team for any assistance or inquiry.

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:

Purchase Guarantee

Why ORDER at

  • Educated and experienced writers.
  • Quality, Professionalism and experience.
  • Original Content writing.
  • Best customer support.
  • Affordable Pricing on orders.
  • Thorough research.
  • Ontime delivery of finished work.
  • 100% plagiarism free papers.

Reasonable Prices

  • To get the best quality papers isn’t cheap so don’t trust extremely low prices.
  • We can’t claim that we have unreasonably low prices because low prices equal to low quality.
  • Our prices are good and they balance with the quality of our work.
  • We have a Moneyback guarantee.

Original and Quality work

  • Our writers are professionals and they write your paper from scratch and we don’t encourage copy pasting.
  • All writers are assessed and they have to pass our standards for them to work with us.
  • Plagiarism is an offence and it’s never tolerated in our company.

Native Writers plus Researchers

  • Our writers are qualified and excellent and will guarantee the best performance in your order.
  • Our team has writers who have master's and PhD qualifications who can handle any assignment
  • We have the best standards in essay writing.

We have been in business for over 7 syears

  • We have always served our customers from all over the world and they have continued to order with us.
  • We value our customers since they have trusted us to do their assignments.
  • We are competent in our writing gained from experience over the years
  • Our company has 24/7 Live Support.

You will get

  •  Custom Admission Essay written by competent professional English writers.
  •  Free revisions according to our revision policy if required
  •  Paper format:  275 words per page, Times New Roman font and size 12, doublespaced text and1 inch margin
  •  On time delivery and direct order download
  •  Privacy guaranteed

We can help you:

  •  acquire a comprehensive professional presentation.
  •  get a unique and remarkable content as per your instructions.
  •  Get an additional portion that can be included to your existing presentation;
  •  turn your work in to an eyecatching presentation with well communicated ideas.
  •  improve your presentation to acquire the best professional standards.