Question

A company issued 20,000 shares
of Rs 10 each, payable Rs 4 on
application, Rs 4 on allotment
and the balance of final call.
Application were received for
30,000 shares. The board of
directors rejected application for
6,000 shares and allotted 50% to
the applicant of 8,000 shares. The
company did not make the final
call.
Pass necessary journal entries​

Answer 1

Answer:

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Explanation:

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