Question

Rama Co.issued 50,000 shares of ₹10 each payable as foloows:
₹3 on application ₹3 on allotment
₹2 on first call ₹2 on final call
all the shares were subscribed and alloted .give journal entries and show tshare capital in the balance sheet assuming that all sums have been duly recieved .expences on issue of shares amounted to ₹10,000​

Answer 1

Answer:

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