Question

On 1st April 1995, A Ltd., issued 50,000 shares of Rs.100 each payable as follows.  Rs.20 per share on application;  Rs.30 per share on allotment;  Rs.25 per share on 1st Oct 1995;  Rs.25 per share on 1st Feb 1996; By 20th May 40,000 shares were applied for and all applications were accepted. Allotment was made on 1st June. All sums due on allotment were received on 15th July. Those on 1st call were received on 20th October. When accounts were closed on 31st March 1996, the second and final call on 400 shares had not been received. Journalise the transaction.

Answer 1

Answer:

On 1st April 1995, A Ltd., issued 50,000 shares of Rs.100 each payable as follows.  Rs.20 per share on application;  Rs.30 per share on allotment;  Rs.25 per share on 1st Oct 1995;  Rs.25 per share on 1st Feb 1996; By 20th May 40,000 shares were applied for and all applications were accepted. Allotment was made on 1st June. All sums due on allotment were received on 15th July. Those on 1st call were received on 20th October. When accounts were closed on 31st March 1996, the second and final call on 400 shares had not been received. Journalise the transaction.

Answer 2

Answer:

answer is not giving

Explanation:

no video's in this