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C.Ltd was registered with a capital …

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C.Ltd was registered with a capital of rs250000 divided into 25000 shares of 10 each company issued 15000 shares which were payable as 2 on application 5 on allotment and the balance when required. Application were received for 18000 shares which were allotted as follows: Application for 10000 shares 8000 Application for 8000 shares 7000 Rs64000 were realised on account of allotment money (excluding the amount carried from application money) prepare cash book and journalise
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