X ltd 10000 equity share of rs.10 each payable as rs 2 on application rs 3 on allotment and the balance on first and final call application were received for 12000shares. Directors of the company allotted them as under .application for 8000 share were allowed all the share applicants who applied for 3000share were alloted 2000share and applicant of10000 share were not allowed shares at application allotment and call money were duly received .pass necessary journal entries in the book of the company
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Answer:bank a/c dr 64000
To share application a/c64000
Share application a/c dr20000
To share capital A/c 16000
To bank a/c 2000
To allotment a/c 2000
Share allotment a/c dr 30000
To share capital a/c 30000
Bank a/c dr 28000
(30000-2000)To share allotment a/c 28000
Explanation:
All other entry remain same as always
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