Question

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ADS.
A company issued 2,00,000 shares of 10 each to the public payable as 2 on application,
24 on allotment and 4 on call. Applications were received for 2,50,000. Surplus money
received on application was utilised for allotment. Shareholders paid all calls.
Pass necessary Journal entries in the books of the company.
[Ans. Total of Journal 7 41,00,000.) plss solve ​

Answer 1

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