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please answer fast SUBJECT :- (DSE5.2Ah &Ag)CORPORATE ACCOUNTING Zing Ltd.issued a prospectus offering for public subscription 40000 equity share of Rs. 10 each at a
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SUBJECT :- (DSE5.2Ah &Ag)CORPORATE ACCOUNTING Zing Ltd.issued a prospectus offering for public subscription 40000 equity share of Rs. 10 each at a premium of Rs. 2 per share. The equity share money was payable as follows: On Application Rs.2.50; On Allotment Rs. 5.50(including premium): On Ist call Rs. 2.00; and on Final call Rs.2.00 Application were received for 50000 share. The director allotted 40000 share rejecting outright applications for 10000 shares with the refund of money realised thereon. All money were duly received by the company. Show the Cash Book and Journal entries in the books of Zing Ltd. 10Step by Step Solution
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