Question

ABC Ltd invited applications for 1,00,000 shares of 10 each, payable as follows

On Application
2 per share
On Allotment
3 per share
On First call
* 2 per share
On Final Call
3 per share
All the shares were applied. You are required to pass Journal Entries in the boooks that
the company assuming that all sums due on allotment and calls have been received.​

Answer 1

Check the above pic for answer ....

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