Question

(Expenses on Issue) Hemant Textiles Ltd. having a nominal capital of 10,00,000 in
shares of 100 each invited applications for 5,000 shares payable as follows:-
On application
20
On allotment
25
On first call
25
On second and final call
30
All the shares were subscribed and allotment made. All the money was received except final
call on 100 shares.
Expenses of issue came to 10,000. They are to be written off in the same year.
Pass journal entries in the books of company​

Answer 1

Answer:

total experience charge is 689

Explanation:

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