Q. 8. Kiran Textiles Ltd. issued 50,000 Equity Shares of 210 each at a premi of 34 per share and 2,000, 6% Preference Shares of 100 each at par payable Equity Shares follows: Pref. Shares ₹ 3.50 30 On Application On Allotment 6.50 (including premium) 20 On First Call 2 25 On Final Call 2 25 All these shares were fully subscribed, called-up and paid. Record thes transactions in journal and cash book.
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these are journal entries of the answer hope it helps you
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