6. A limit
ed company issued 10,000 shares of * 10 each to the public-payable ? 2 per
share on application, * 4 per share on allotment and 4 per share on call. Application
were received for 12,500 shares and allotment was made on pro-rata basis. The excess
application money was utilised towards allotment. Pass necessary journal entries in the
books of the company.
[ Ans. Cash received from Bank * 1,00,000 ]
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Answer:
please check the attachment
on application = 25,000
on allotment = 35,000 (40,000 - 5000)
on 1st call = 40,000
total amount received by A ltd. company = 25,000+35, 000+40, 000 = 1,00,000
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