Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

company issued shares of OMR leach. Company finalized the allotment on 100,000 shares and called up OMR 0.750. Company received the entire amount except on

image text in transcribed
company issued shares of OMR leach. Company finalized the allotment on 100,000 shares and called up OMR 0.750. Company received the entire amount except on 2,850 shares on which call money has not been received. In which of the following accounts, company will categorize the amount of 2,850 shares? a. In the paid up and calls in areas. o b. In the called up and paid capital O c. In the called up and calls in areas. O d d. None of these

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions