Accountancy, asked by ctpschandrapura01, 5 hours ago

On 1. 1.2019 X Ltd. received in advance the first call of rs 3 per share on 10000 equity shares. The first call was done on 1. 4.2019. The subscribed shares were rs 50000 of rs 20 each. Journalise the above transactions and transfer the advance to first call account by opening a call-in- advance account. Assume the whole amount due on first call was received.

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Answered by reynita092

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