Question

XY 2. Put LTD. 10,000 sharu @ 10 each
Application 2 Allotment 4
I call 1
fincel call 3
ALL share subscribe and all instattment
duty received pass necessary
entries ​

Answer 1

Explanation:

Share application A/c Dr 20,000

share allotment A/c Dr 40,000

To share capital A/c 60,000

Bank A/c Dr 60,000

To share application A/c 20,000

To share allotment A/c 40,000

first call A/c Dr 10,000

final call A/c Dr 30,000

To share capital A/c 40,000

Bank A/c Dr 40,000

To first call A/c 10,000

To final call A/c 30,000