Damodram Co. Ltd. issued 3,000 equity shares of 100 each, at a premium of 20 per share,
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Damodram Co. Ltd. issued 3,000 equity shares of ₹100 each, at a premium of ₹20 per share, payable as follows:
On application—₹20; on allotment—₹40; on first call—₹30; on final call—₹30.
The amount due on allotment and first call were received. A shareholder holding 200 shares paid the final call money along with first call. Pass journal entries to record the above.
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Date Bank Ac Journal Entries Particulars To Share Application ...View the full answer
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