A company issued 10,000 shares of ₹ 10 each at par; ₹ 3 on application; ₹ 3 on allotment; ₹ 4 on first and final call. O
₹ 37,000 company accounts correct; share issue forfeiture pro-rata per Companies Act.
Ref: NCERT Accountancy Class XII Chapter 6 Company Accounts explains company formation share capital issue accounting treatment Companies Act 2013 provisions.
