Illustration : 3
Govindha Ltd., offered 10,000 shares of Rs.100 each to the public on the
following terms:
Rs. 30 on application
Rs. 20 on allotment
Rs. 20 on first call and
Rs. 30 on final call
The public applied for 9,000 shares which were allotted. All money due was
received. Pass journal entries.
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