Kp ltd is having an authorised capital 50000 share of rupess10 each at 20% premium the company offered 44000share to the public the amount payable was as follows application rupees₹3 allotment ₹5 including premium and balance on frost and final call application were received for40000 share all this were duly received except the following Kalu a holder of 1000 shar did not pay allotment and call Lalu a holder 2000 share did not pay call money
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sorry bro
but good night
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JOURNAL ENTRIES IN THE BOOKS OF KP LTD.
Explanation:
REFER TO THE ATTACHMENT FOR JOURNAL ENTRIES.
Attachments:
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