Financial AccountingTU Board 2021
Nepal Star company is registered at 200,000 equity shares @ Rs.100 each. But the company issued 100,000 shares to public. The money called up Rs.30 on application, Rs.40 on allotment and Rs.30 on…
5Nepal Star company is registered at 200,000 equity shares @ Rs.100 each. But the company issued 100,000 shares to public. The money called up Rs.30 on application, Rs.40 on allotment and Rs.30 on final call. The company received application for 95,000 shares and accepted in full. A shareholder Rachana holds 500 shares unpaid money of allotment, final call. Required: Journal entries for share application, allotment and final call.
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