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If the issue of a new block of ordinary shares half payable on application and the remainder payable in 2 equal calls is oversubscribed but
If the issue of a new block of ordinary shares half payable on application and the remainder payable in 2 equal calls is oversubscribed but all shareholders that applied have received an allocation of shares, the MOST likely journal to account for the oversubscription when the shares are first allotted is as follows: DR Application CR Share Capital DR Call CR Share Capital DR Application CR Calls in Advance DR Calls in Advance CR Share Capital
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