ABC Company Ltd.offered for subscription 20,000 shares of ₹ 10 each payable ₹ 3 on application and ₹ 5 on allotment for each share. Applications were received for 30,000 shares. Letters of regret were issued to applicants for 5,000 shares and their application money was refunded.
Application money for other 5,000 shares was applied towards the payment for allotment money. The balance of allotment money was also received in due time.
You are to prepare the journal, Cash Book, Ledger Accounts and the Balance Sheet of the company.
Answers
Answered by
4
HEYA MATE YOUR ANSWER IS
Application money for other 5,000 shares was applied towards the payment for allotment money. The balance of allotment money was also received in due time.
You are to prepare the journal, Cash Book, Ledger Accounts and the Balance Sheet of the company.
❤️HOPE THIS HELPS ❤️❤️
❤️PLEASE MARK AS BRAINLIEST ❤️❤️
Answered by
5
Explanation:
Issued Capital (Rs.10 each) =No of shares x face value
= 20,000 x 10
= Rs 2,00,000
Payable amount :
On Application Rs.3
On Allotment Rs.5
Total Rs.8
Attachments:
Similar questions
Biology,
5 months ago
English,
5 months ago
Accountancy,
9 months ago
Accountancy,
9 months ago
Science,
1 year ago
History,
1 year ago
Economy,
1 year ago