Question

XYZ Ltd. invited applications for 10,000 shares of ₹ 100 each payable as follows:
₹ 20 on application, ₹ 30 on allotment, ₹ 20 on first call and the balance on final call.
All the shares were applied and allotted. All the money was duly received.
You are required to journalise these transactions.

Answer 1

HEY MATE GOOD QUESTION THE ANSWER TO YOUR QUESTION IS

All the shares were applied and allotted. All the money was duly received.

You are required to journalise

HOPE THIS HELPS ❤️

PLEASE MARK AS BRAINLIEST ❤️❤️

Answer 2

Calculation of Issued and Subscribed Capital :

10,000 shares of Rs.100 each Payable as:

Application Rs.20

Allotment    Rs.30

First Call      Rs.20

Final Call     Rs.30  

Total =    Rs.100