Question

Please answer please my hw is left please answer full sum

Answer 1

thanks for points ask clearly page is not clear

Answer 2

Calls-in-arrears and Calls-in-advance

0. Duttsons Ltd. registered with a nominal capital of 5,00,000 in shares of 100 each. 3,000

shares of which were issued payable as to 12.50 on application, 12.50 on allotment, 25

three months after allotment and the balance to be called-up as and when required. All

moneys upto allotment were duly recorded but as regards the call of 25, a shareholder

holding 100 shares did not pay the amount due. Another shareholder who was allotted 150

shares paid them in full. Show the necessary entries to record the above transactions

(including cash) and show how the capital should appear in the Balance Sheet.

[Ans. Calls-in-arrears 2,500; Calls-in-advance *