Question

XYZ Ltd.issued 8,000 Equity Shares of ₹ 10 each. ₹ 5 per share was called, payable ₹ 2 on application, ₹ 1 on allotment, ₹ 1 on first call and ₹ 1 on second call. All the money was duly received with the following exceptions:
A who holds 250 shares paid nothing after application.
B who holds 500 shares paid nothing after allotment.
C who holds 1,250 shares paid nothing after first call.
Prepare journal and the Balance Sheet.

Answer 1

Answer:

-100 is correct answer.....

I hope help you......

Answer 2

$Issued capital 5,000 shares of 10 each 5 called up\\On Application = (8,000) rs.2 each\\On Allotment = (8,000 - 250 - 500 = 7750) Rs. 1 each\\On first call = (8,000 - 250 - 500 = 7250) rs.1 each\\On second call = (8000 - 25- 500 - 1250 = 6000) Rs. 1 each\\total called up rs.5 per share$