A Ltd. issued 30,00 shares of rs.10 each,payable as under;
Rs.2 on Application Payable on 1st Jan,2005
Rs.3 on allotment Payable on 1st march,2005
Rs.2.50 on First Call Payable on 1st June,2005
Rs.2.50 on final call payable on 1sty nov,2005
Applications were received for 50,000 shares & the allotement were made as under;
To applicants for 26,000 shares ....Full
To applicants for 18,000 shares .....4,000
To applicants for 6,000 shares .......Nil
Excess Money received on application was utilised towards allotement and subsequent calls .interest on call in advance was paid @ 6% p.a. .Journalise the transaction assuming all sums due were received.
2006-09-10 01:31:53 · 4 answers · asked by ♥Aanchuu♥ 1 in Business & Finance ➔ Corporations
umm...and your question is....?
2006-09-10 01:39:25 · answer #1 · answered by Just_A_Boy 4 · 0⤊ 0⤋
O A Oye
2006-09-10 16:19:15 · answer #2 · answered by ♀Batista♀ 2 · 0⤊ 0⤋
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2006-09-10 14:11:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Can you rephrase your question? Please... :-)
2006-09-17 10:12:52 · answer #4 · answered by ? 5 · 0⤊ 0⤋