Question

Illustration 3
Richik-tid. Issued 10,000 shares of 10 each. The amount was payable as under:-
Rs. 4 on application. *4 on allotment and balance on call.
Applications were received for 9000 shares. All the applicants were allotted shares in full. All money wa
duly received. Pass necessary journal entries.​

Answer 1

Answer:

Check the above attachment for the answer.

Hope it helps....