Question

26 The Kesala coir reille Its with an authorised capital of 5,00,000 Equity Shares of Roto each, issued deco Equity shares, Payable B.3. en application, Rs & on allotment Rs 3 on first call and I on fecond and final call​

Answer 1

Answer:

Explanation:

Rs 5. (3+2). Allotment. = Rs 4. First and Final Call. = Rs 3. Rs 12. (10+2) ... Rs. Credit. Amount. Rs. Bank A/c. Dr. 1,00,000. To Equity Share Application A/c ... (​Share first and final call of Rs 3 each received on 19,500 shares and holders of 500 shares ... (400 shares of Rs 10 each re-issued at Rs 7 per share as fully paid​-up).