Question

Ashok company limited dhanbad was registered with an authorised capital of 500000 divided into 50000 equity shares of rs 10 ech. the company issued 40000 shares of which 30000 shares was subscribed by the public payable rs 2 on application,rs 3 on allotment,rs 3 on 1stcall and rs 2 on second and final call . all the amounts were duly received so pass the necessary journal entries in the books of Ashok Company limited and prepare opening balance sheet.

Answer 1

Answer:

Explanation: you can pass all entries on the base of subscribed shares 30000........

Bank a/c ...........dr.    60000

     To application a/c ......60000.

(30000×2).....

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Etc..

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