Question

Ashwin Ltd Issued 5000 shares of Rs.10 each and 10000 Preference Shares of Rs.10 each. The share capital was collected as follows.

Equity Shares(Rs.)
Preference Shares (Rs.)

Application
2.50/-
2.00/-

Allotment
2.00/-
3.00/-

First Call
3.00/-
2.00/-

Second & Final Call
2.50/-
3.00/-


All the shares were subscribed. The Final call on 800 equity shares and 1200 prefernce shares were not received.
Show the Journal of the Company.​

Answer 1

Ashwin Ltd Issued 5000 shares of Rs.10 each and 10000 Preference Shares of Rs.10 each. The share capital was collected as follows.

Equity Shares(Rs.)

Preference Shares (Rs.)

Application

2.50/-

2.00/-

Allotment

2.00/-

3.00/-

First Call

3.00/-

2.00/-

Second & Final Call

2.50/-

3.00/-

All the shares were subscribed. The Final call on 800 equity shares and 1200 prefernce shares were not received.

Journal of the Company in the Attachment

Answer 2

Answer:

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