Question

Akshay Ltd. made an issue of 20,000 shares of 10 each payable as follows: 32 on application, 2 on allotment, 3 on first call and the balance on second call. The first call is made and all members pay, including a member holding 800 shares, who pays for the balance due in full. Later the final call is made and is fully met. Give journal entries.

Answer 1

Answer:

akshy Limited mid and issue of 20000 shares of 10 is payable as follows 32 an application to N allotment 31 first all the balance of second called the first call is made all member states including a member holding a dentist who pays for the balance due is informal letter the final call is made and full limits give general entry is Akshay paid bill