Question

Pass entries in the cash book and journal of the
[Ans. Balance in cash book = 8,47,000 and transfer to capital reserve 7 2,750).
. Bisneswar Mills Ltd. issued 1,00,000 Equity shares of F 100 each at a premium of 10%. The payment was
to be made as F 20 on appliation, F 40 on allotment lineluding premium), + 50 on 1st call and 7 20 on
final call. Applications were received for 1,10,000 shares. The directors rejected applications for 10.000
shares on which
the money received on application, was returned shares were alloted among the remaining
applicants on 100% basis. The directors made both the calls and all money were duly received
pass
journal and each book entries for the above transactions.
[C.H.S.E 2008]




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Answer 1

Answer:

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