Question

Agfa Co. Ltd. issued 15,000 shares of xx 10 each at a premium of 2 per share, payable 3.(including premium) per share on application, 2 per share on allotment, 3 on first calland 4 on final call. The shares were all subscribed and money was duly received exceptthe first call money on 2,000 shares and the final call money on 2,500 shares. Give theJournal and Cash Book entries to record the above transactions.[Ans. Cash Book Balance 1,64,000]​

Answer 1

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