Question

21. Blue Chip Ltd. was registered on 1st January, 2011 with a capital of 10,00,000 divided into 1,00,000 sharesof 10 each. The company issued 42,000 shares of which 40,000 shares were taken up by the public and1 per share was received with application. On 1st February, these shares were allotted and 2 per sharewas duly received on 28th February as allotment money. A first call of 73 per share was made on 1st Marchand the call money on all shares with the exception of 100 shares was received. The final call of 4 per sharewas made on 1st June and the amount due, with the exception of 400 shares, was received by 30th June.Pass necessary Journal and Cash Book entries and prepare the Balance Sheet as at 30th June, 2011.​

Answer 1

Answer:

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