Question

Gilson Ltd.issued 2,000 shares of Rs. 100 each at a premium of 10%
payable as follows:
Rs.25 on Applications
Rs.35 on Allotment (including premium）
Rs.20 on First Call and
Rs.30 on Final Call
1,800 Shares were applied for and allotted. All the money was received with
the exception of first and final calls on 200 shares held by Raman. These
shares were forfeited.Give journal entries​

Answer 1

Answer:

25 on Applications

Rs.35 on Allotment (including premium）

Rs.20 on First Call and

Rs.30 on Final Call