Question

11. Seema Ltd. offered for subscription 10,000 shares of = 25 each, payable 35 per share on application
* 10 per share on allotment (including + 5 per share as premium), 25 per share
as first call on the shares
and the balance in two equal amounts at intervals of three months. All the shares were applied for and
allotted. All the money was received except the second call and final call on 200 and 400 shares respectively
Pass the entries in the company's Journal, Cash Book and the Ledger. Also show the company's Balance Sheet
on completion of the above transactions.​

Answer 1

Answer:

200 and 400 shares respectively