Question

The Bangalore bottling Co.Ltel issued a Prospectus
Inviting application fee 1,00,000 guity Sharesof
Ilo eachi Bayable ž 20 on syrlication. $ 3.on
allotment, and the balance at the discreation of
the directors Applications 20% 1,20,000 Sharees.
were received, the directors allotted the shares
as follows .
Application 100 80,000 shares-feell allotmerd.
Application for 30,000 Shores - 20000 Shares
Application
Nil.
for 10,000 shoces
Give journal entries assuming that all the sum
due on allotment has been received and no
Call has been made.​

Answer 1

Explanation:

Bangalore is called silicone valley

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