Question

(Hint: Transfer the dues on call to "calls-in-arrears account since accounts are closed.]
K. Ltd. issued 75,000 equity shares of Rs. 10 each and 5,000 12% preference shares
of Rs. 100 each payable as under:
On equity shares On preference shares
Rs.
Rs.
With application
20
On allotment
30
On first call
50
On second call
The company received applications for 1,35,000 equity shares and 4,500 preference
shares. Applications totalling for 10,000 equity shares were rejected. Allotment on
other applications for equity shares was made on pro-rata basis. All applications for
preference shares were accepted in full. Calls were made on due dates. All moneys
were duly received
Show journal entries for the above mentioned transactions.
​

Answer 1

Answer:

I think you have got a best asnwer of your question from.above......

Explanation:

follow me.

thank u