Batra Ltd . issued 20000 shares of rs100 each at a premium of rs25 per share , payable as follows : rs 20 per share on application rs 45 per share on allotment(including premium of rs 15). ra 60 per share on first and final call*(including premium of rs 10. The issue was obersubscribed by 10000 shares. Applicants of 8000 shars were alloted only 1000 shares and applicants of 1000shares were sent letter of regret . Excess amount recieved at the time of application was to be adjusted only aginst allotment and overpayments exceeding the amount due on allotment were to be refunded . All the money due at the time of allotment and call was duly received . Pass journal enteries

Batra Ltd . issued 20000 shares of rs100 each at a premium of rs25 per

1.	Batra Ltd . issued 20000 shares of rs100 each at a premium of rs25 per share , payable as follows : rs 20 per share on application rs 45 per share on allotment(including premium of rs 15). ra 60 per share on first and final call*(including premium of rs 10. The issue was obersubscribed by 10000 shares. Applicants of 8000 shars were alloted only 1000 shares and applicants of 1000shares were sent letter of regret . Excess amount recieved at the time of application was to be adjusted only aginst allotment and overpayments exceeding the amount due on allotment were to be refunded . All the money due at the time of allotment and call was duly received . Pass journal enteries
Answer» Batra Ltd . issued 20000 shares of RS100 each at a premium of rs25 per share , payable as follows : rs 20 per share on application rs 45 per share on allotment(including premium of rs 15). ra 60 per share on first and final call*(including premium of rs 10. The issue was obersubscribed by 10000 shares. Applicants of 8000 shars were alloted only 1000 shares and applicants of 1000shares were sent letter of regret . Excess AMOUNT recieved at the TIME of application was to be adjusted only aginst allotment and overpayments exceeding the amount due on allotment were to be REFUNDED . All the money due at the time of allotment and call was duly received . Pass JOURNAL enteries

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