Bharucha co. limited issued Rs. 46000 shares of Rs. hundred each table as follows
Rs.25 on application
Rs. 35 on allotment
Rs. 25 on first call
Rs. 15 on second call
public applied for Rs. 40000 shares and all applications to allot the shares. All sums due on allotment and call were received. journalize the transactions in the book of Bharucha co. limited
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Answer:
In the books of Bharucha co.ltd
Bank a/c dr 10,00,000
to share application a/c. 10,00,000
share application a/c dr 10,00,000
to share capital a/c. 10,00,000
share allotment a/c dr 15,00,000
to share capital a/c 15,00,000
Bank a/c dr 15,00,000
to share allotment a/c 15,00,000
share first call a/c dr 10,00,000
to share capital a/c 10,00,000
Bank a/c dr 10,00,000
to share first call a/c 10,00,000
share second call a/c dr 6,00,000
to share capital a/c 6,00,000
Bank a/c dr 6,00,000
to share second call a/c 6,00,000.
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