Question

B Limited issued 10000 Equity Shares of Rs. 10 each at a premium of
Rs. 2 per Share Payable Rs. 3 On Application Rs 5 On allotment
(including premium) and 4 On first and final Call Application for 12000
Shares were received and Company return the Application amount of
2000 Shares. All the money of remaining Share were duly received. Pass
necessary Journal Entries in the books of Company​

Answer 1

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