Question

14. Shiva Ltd. invited applications for 10,000 Equity shares of 7 100 each of which payment were
as follows:
3
on application
20
on allotment letter (1st May, 2008)
30
on first call (1st Oct., 2008)
30
on final call (1st Feb., 2009)
20
All shares were subscribed and the allotment was made. One shareholder, who had 200 shares, paid
the full amount due on shares with allotment. Pass the Journal entries of above transactions assuming
that all the sums have been received. Interest to shareholders was paid on 1st February, 2009.
Ans. Int. on calls in advance 330.
Hint : Interest on Calls in advance @ 6% p.a.
15. Neelam Comnany Ltd issued 50 00
10​

Answer 1

Answer:

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