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Calculate the amount received on allotment. …

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Calculate the amount received on allotment. Suresh limited issued 50000 shares of rupees 10 each at a a premium of rupees 2 per share. Payable as rupees 3 on application, rupees 5 on allotment including premium and balance on equal two installment over calls. Application received for 92000 share which is allotted as -- Application 40000 -allotted 30000 shares. Application 40000-allotted 20000 shares. Application 12000-allotted nil. (Category 1) Suresh who applied for 2000 share did not pay any money other than application. (Category 2) Chandra who was allotted 800 shares paid the call money due along with allotment.

Posted by Abid Raja 3 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Abid Raja 3 years, 5 months ago

Any body knows please pass the journal entries as soon as possible.

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