Financial AccountingTU Board 2020
Nepal Supply company is registered at 2,00,000 equity shares @ Rs. 100 each. But the company issued 1,00,000 shares to public. The money called up Rs. 50 on application, Rs. 25 on allotment and…
5Nepal Supply company is registered at 2,00,000 equity shares @ Rs. 100 each. But the company issued 1,00,000 shares to public. The money called up Rs. 50 on application, Rs. 25 on allotment and Rs.20 on first and final call. The company received application for 90,000 shares and accepted in full. A shareholder Rina holds 200 shares unpaid money of first and final call. Required: Journal entries for share application, allotment and first and final call.
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