Question

question ⬇️

S limited issued 40000 equity share of ₹500 is payable as 150 per share on application rupees 200 on allotment and balance on first and final call application. 17000 share out of 5000 rejected and balance application were on Pro rata basis. rejected application were refunded and excess application money were adjusted against amount due on allotted. The shares were called and paid in full. With the exception that one share holder holding 200 share fail to pay his call money give journal entries​

Answer 1

My answer for your previous question.....