allotment and Rs 3 on first …
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allotment and Rs 3 on first and final call. Application for 37,000 shares were received on which
the allotment was made as under:
A. Application of 5,000 shares : 5,000 shares
B. Application for 25,000 shares : 15000 shares
C. Application for 7,000 shares : Nil
Calculate the excess application money to be adjusted towards allotment and pass the
necessary journal entries assuming that the amount due were received
Posted by Aadi Jain 4 years, 1 month ago
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