Question

issued cheque to godrej and 14950 in full settlement journal entries​

Answer 1

Answer:

17. Doller Ltd. Issued a prospectus inviting application for 1,00,000 shares of 3 10 each 32 on application: 5

4 on allotment; 4 on First and Final Call. Application were received for 1,20,000 shares. Allotment Was

made as under:

a. To applicants for 20,000 shares → in full.

b. To applicants for 40,000 shares → 30,000 shares.

c. To applicants for 60,000 shares → 50,000 shares.

The shares were fully called and paid up except amounts on allotment and call, not paid by those

who applied for 2,000 shares out of the group applying for 40,000 shares. These shares were forfeited by the

directors and 1,200 shares of them were re-issued @ 57 per share. Show the Journal entries in the books of

the company

Answer 2

Answer:

godrej and co. A/C D/R 15000

TO Bank a/c. 1450

TO Discount a/c 50