Question

8. Marigold Ltd was registered with the authorised capital of 3,00,000 divided into 3,000 shares of
which were offered to the public
. Amount payable as ? 30 per share on application, * 40 pe
allotment and 30 per share on first and final call. These shares were fully subscribed and all me
duly received. Prepare Journal and Cash Book.
. Modern Marbles Ltd. was registered with an authorised capital of 10,00,000 divided into 75
Shares of 100 each and 2,500 Preference Shares of 100 each. 1,000 Equity Shares and 500;9%
Shares were offered to public on the following terms-Equity Shares payable 10 on application
allotment and the balance in two calls of 25 each. Preference Shares are payable 25 on applicat
on allotment and 50 on first and final call. All the shares were applied for and allotted. Amount
duly received. Prepare Cash Book and pass necessary Journal entries to record the above issued
and show how the Share Capital will appear in the Balance Sheet.​

Answer 1

Answer:

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