Question

Allotment... ** First and final call Ane: (a) Excess money transferred to allotment Rs. 30,000 (b) Bank ale 71 Supp Q.NO SA company issued 10,000 shares of Rs.100 each, payable as follows: application Rs.30 per share Rs.40 per share first and final call Rs.30 per share lication were received for 16,000 shares. No allotment was made to 1,000 shares. Rest were allotted on pro-rata a hey were duly received except a holder holding 100 shares, failed to pay on first and final call money. uired: Journal entries for: a. Application b. Allotment C. First and final call

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Answer 1

Step-by-step explanation:

transferred to allotment Rs. 30,000 (b) Bank ale 71 Supp Q.NO SA company issued 10,000 shares of Rs.100 each, payable as follows: application Rs.30 per share Rs.40 per share first and final call Rs.30 per share lication were received for 16,000 shares. No allotment was made to 1,000 shares. Rest were allotted on pro-rata a hey were duly received except a

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