Question

Daaji Ltd., invited

applications for 20,000 shares of

Rs. 100 each payable. Rs. 25 on

application, Rs. 35 on allotment, Rs.

20 on first call, and Rs.20 Final

call Rs. 25,000 shares were applied for.

The directors accepted applications for

20,000 shares and rejected the

remaining applications. All moneys

due were fully received. Give journal

entries.​

Answer 1

Answer:

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Answer 2

Explanation:

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