A limited company offered for subscription 10,000 Equity Shares of Rs

1.	A limited company offered for subscription 10,000 Equity Shares of Rs 10 each at a premium of Rs 2 per share and 5,000, 10% Preference Shares of Rs 10 each at par. The amount on equity shares was payable as thus: On Application Rs 3 per share On Allotment Rs 5 per share (including a premium) On First Call Rs 4 per share The amount of preference shares was payable as follows: On Application Rs 3 per share On Allotment Rs 4 per share On First Call Rs 3 per share All the shares were fully subscribed, called-up and paid. Record these transactions in the cash book of the company.
Answer» A limited company offered for subscription 10,000 Equity Shares of Rs 10 each at a premium of Rs 2 per share and 5,000, 10% Preference Shares of Rs 10 each at par. The amount on equity shares was payable as thus: On Application Rs 3 per share On Allotment Rs 5 per share (including a premium) On First Call Rs 4 per share The amount of preference shares was payable as follows: On Application Rs 3 per share On Allotment Rs 4 per share On First Call Rs 3 per share All the shares were fully subscribed, called-up and paid. Record these transactions in the cash book of the company.

A limited company offered for subscription 10,000 Equity Shares of Rs 10 each at a premium of Rs 2 per share and 5,000, 10% Preference Shares of Rs 10 each at par. The amount on equity shares was payable as thus: On Application Rs 3 per share On Allotment Rs 5 per share (including a premium) On First Call Rs 4 per share The amount of preference shares was payable as follows: On Application Rs 3 per share On Allotment Rs 4 per share On First Call Rs 3 per share All the shares were fully subscribed, called-up and paid. Record these transactions in the cash book of the company.

Answer»

A limited company offered for subscription 10,000 Equity Shares of Rs 10 each at a premium of Rs 2 per share and 5,000, 10% Preference Shares of Rs 10 each at par.

The amount on equity shares was payable as thus:

On Application Rs 3 per share

On Allotment Rs 5 per share (including a premium)

On First Call Rs 4 per share

The amount of preference shares was payable as follows:

On Application Rs 3 per share

On Allotment Rs 4 per share

On First Call Rs 3 per share

All the shares were fully subscribed, called-up and paid.

Record these transactions in the cash book of the company.

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