Accountancy, asked by sanika3422, 5 months ago

KitKat Ltd. issued 30000 preference shares of Rs.10 each payable . Rs.4 on Application , Rs.2 on Allotment , Rs.4 on 1st and 2nd call . shares were fully subscribed and all amounts were received except X who have not paid final call amount of 300 shares .

Answers

Answered by reddysekhar17mcom

1

Explanation:

calls in arrears

300 X 4 = Rs. 1200

The above journal Entries for preference shares issued at par ( Face value)

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