Enter in the proper subsidiary book
2017
July 5 Purchased on credit from vasanth & co
50 Iron boxes at Rs.500
10 grinders at Rs.3000
Delivery charges Rs.150
6 Purchased from Bala & bros
25 fans at Rs. 1250
Less Trade discount 10%
10 Purchased from siva & sons on credit
20 grinders at Rs.2500
10 Mixie at Rs.3000
20 purchased for cash, one computer from kannan for Rs.35000
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Explanation:
(Both Classes of Shares/Cash Book) Y Ltd. was formed with an authorised capital
* 40,00.000 divided into 3,00,000 equity shares of 10 each and 10,000 Preference shares
* 100 each. Both classes of shares were issued to the public in full and they are to be pa
Preference shar
follows:
Equity shares
Application
20 percent
Allotment
30 percent
First call
50 percent
Second call
All the calls were made and in due course the money were received in full. Give
necessary journal entries and prepare Cash Book.
25 perc
25 perc
25 perc
25 perc
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