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CBSE Class 12-commerce Answered

ENY ltd.with anauthorised capital of rupees 600000 invited applications  for 50000 shares of rupees10 each payable as: rupees 4 on application, rupees 3 on allotment, rupees 2 on first call and rupees 1 on final call. There was oversubscription and application were received for 86000 shares. Allotment was madr as follws: To applicants of 25000 shares - 25000shares To applicants of 6000 - Nil To applicants of 55000 - 25000 shares Excess money on application was adjusted against the sums due on allotment and the calls. All amounts due were subsequently received. Pass journal entries to record the above transactions.
Asked by edbi.pertin | 18 Aug, 2018, 06:35: AM
answered-by-expert Expert Answer
We already have solved similar questions available at our website. Kindly refer to the links below for similar problems and solutions.
 
Link for TS Grewal Solutions: https://www.topperlearning.com/study/cbse/class-12-commerce/accountancy/text-book-solutions/t-s-grewal-part-a-vol-ii/543/company-accounts-accounting-for-share-capital/2497/b101c504s549e9 
 
Link for Previous Year Questions: https://www.topperlearning.com/study/cbse/class-12-commerce/accountancy/previous-year-question-papers/b101c504s549e8
Answered by | 20 Aug, 2018, 10:00: AM

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