Financial AccountingTU Board 2024
Jyoti company issued 3000 shares of Rs. 100 payables as below: On application.................Rs 50 On allotment................Rs 30 On final call......................Rs 30 The money was collected…
5Jyoti company issued 3000 shares of Rs. 100 payables as below: On application.................Rs 50 On allotment................Rs 30 On final call......................Rs 30 The money was collected as below:
- The holder of 100 shares paid the final call money with allotment.
- The holder of 400 shares fail to pay final call.
- Other shareholders paid their money when required by the company.
- Any unpaid money to be forfeited. Required: Journal entries. [1+2+2]
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