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S.Ltd with a nominal capital of …

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S.Ltd with a nominal capital of Rs 50,00,000 in equity shares of Rs 10 each, issued 2,00,000 shares payable as A. On application. :Rs 2 B. On allotment. : Rs 3 C. On first&final call. : Rs 5 All money's payable on allotment were duly received but one shareholder failed to pay amount due on allotment on his 2500 shares, while another shareholder who held 2000 shares paid for the first and final call also. Give journal entries related to call in arrears and call in advance to record the above transaction upto allotment.

Posted by Aadi Jain 5 years, 2 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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