a ltd issued 5000 share of rs.10 each at a premium of rs.5per share.the amount was payable as rs.3 on application, rs.7 on allotment (incl.premium)and the balance on frist and final call . all shares were subscribed and money duly received.show the journal entries.
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this question is from company account then you will have to calculate the application , allotment (including primium)and other calls
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