Bharat Ltd. madethe first call of …
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Bharat Ltd. madethe first call of Rs.2 per share on its 1,00,000 eq. Share on 1 st march,2006.Ashok, shareholder,holding 800 shares paid the second and final call amount along with first call money. The second and final call amount was Rs.3 per share.Pass necessary journal entries for recording the above using the Call-in-advance account.
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