Kalpana Ltd. Issued 40,000 shares of ₹10 each on the following terms:
₹3 on Applications;
₹3 on Allotment;
₹2 on First call and
₹2 on Final call. Expenses on issue of shares amounted to ₹20,000.
All the shares were subscribed and allotted.
Give Journal Entries.
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In the books of kalpana company limited jornal entries
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