Question

gaurav ltd issued ,10,000equity shares of 10each to the public pyabale at 1 on application 2 on allotment 2 on first call and 4 on second call and final call . application were recieved for 14000 shares all the amount were duly received pass thr journal entries in the book of graurav ltd in the following cases when application for 4000 shares are rejected and application money is returned where excess of application money is ultilised for allotment shares have been prermitted to be dealt in the stock exchange​

Answer 1

Answer:

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