A limited company offered for subscription 10,000 shares of ₹ 25 each , payable ₹ 5 per share on application , ₹ 10 per share on allotment ( including ₹ 5 per share as premium), ₹ 5 per share as first call on the shares and the balance in two equal amounts at intervals of three months . All the shares were applied for and allotted . All the money was received except the second call and final call on 200 and 400 shares respectively.You are asked to show the entries in the company 's Journal , Cash Book and the ledger . Also show the company's Balance Sheet oncompletion of the above transaction.

A limited company offered for subscription 10,000 shares of ₹ 25 eac

1.	A limited company offered for subscription 10,000 shares of ₹ 25 each , payable ₹ 5 per share on application , ₹ 10 per share on allotment ( including ₹ 5 per share as premium), ₹ 5 per share as first call on the shares and the balance in two equal amounts at intervals of three months . All the shares were applied for and allotted . All the money was received except the second call and final call on 200 and 400 shares respectively.You are asked to show the entries in the company 's Journal , Cash Book and the ledger . Also show the company's Balance Sheet oncompletion of the above transaction.
Answer» A limited company offered for subscription 10,000 shares of ₹ 25 each , payable ₹ 5 per share on application , ₹ 10 per share on allotment ( including ₹ 5 per share as premium), ₹ 5 per share as first call on the shares and the balance in two equal amounts at intervals of three months . All the shares were applied for and allotted . All the money was received except the second call and final call on 200 and 400 shares respectively. You are asked to show the entries in the company 's Journal , Cash Book and the ledger . Also show the company's Balance Sheet oncompletion of the above transaction.