Question

A Co. Ltd. offered to the publie 20.000 Equity
shares of 100 each at a premium of 10 per share
The payment was to be as follows:
On Application
30 per har
Ollo
30 per share
(including premium)
On First Call
25 per share
Onnd Dall
25 per share
Applications were received for 35,000 shares.
Application for 10.000 shares were rejected. Applicants
for 15.000 share were allotted 10.000 shares and
remaining applications were accepted in full. The
Directors made both the calls One Shareholder
holding 500 shares failed to pay the two calls and as
a consequence his shares were forfeited. 200 of these
shares were re-issued as fully paid at 80 per share
Expenses of issue came to 10,000.
prepare cashbook,the journal and the balance sheet on the basis of information given below​

Answer 1

Answer:

Accounting or Accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.

Organizations in this sector: Institute of Chartered Accountants in England and Wales

Answer 2

Answer:

The main political cause for the great revolt of 1857 was the policy of Doctrine of Lapse. It was an annexation policy purportedly used by Lord Dalhousie as per which any princely state or territory under the British East India Company would automatically be annexed if the ruler died without a male heir.