Question

कीजिये।
Minakshi Ltd issued 12.000 equity shares of Rs. 10 each. Payable as Rs. 4 on
application and balance amount due in allotment. All money duly received. Pass
necessary journal entries.​

Answer 1

ur question was wrong if allotment money was due than how would all money rec .

My solution is for if all money received except allotment

STEP BY STEP EXPLANATION;:

1)bank ac. Dr 480000

To equity share App ac. 480000

2)equity share App ac. Dr. 480000

to eq share capital. 480000

3) equity share allotment ac Dr 720000

to eq share allot. 720000.

4)bank ac. Dr. 720000

To eq share allt. 720000

Explanation:

as total share was 10each 4app ND remaining 6 were noted as allot .

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