final 2

The partnership sold the noncash assets forS78SOO, paid the liabilities, and disbursed the Required : the amount ofcash that will be allocated to each partner. 2. RupakLtd. issued application, Rs.3C per share on allotment and balance in two calls ofRs.25 per share. The application and allotm On first call all memberpays their dues except one member holding 200 While another memberh01ding 500 shares paid for the balance due in full. Final call was not made. Required : Givejoumal entries on the first call