Raj ltm received in advance tha first call of 25 per share on 400 equity share. The first call was due on 31 st march 2016
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Bank A/c. Dr 10000
To Calls in Advance Ac. 10000
Calls in Advance Ac. Dr 10000
to Share First Call Ac. 10000
interest on calls in advance Dr 1200
to Bank Ac 1200 (12% interest)
To Calls in Advance Ac. 10000
Calls in Advance Ac. Dr 10000
to Share First Call Ac. 10000
interest on calls in advance Dr 1200
to Bank Ac 1200 (12% interest)
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