The authorised capital of Mohan Ltd was 200000divided into 20000equity share of 10 each out of which 10000share were issued to public and application received for 8000share the share money payable as 2 on application 3 on allotment 2 on first call,3 on final call, pass journal entry in the book of Mohan limited.
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1. bank a/c dr. to equity share cap. a/c. 16000. equity share appl. A/c dr to eq share cap. a/c. 16000
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16000 equity share to capital a/c dt
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