1.

Hema Ltd. invited applications for 10,000 shares of ₹ 100 each payable as follows:₹ 20 on application, ₹ 30 on allotment, ₹ 20 on first call and the balance on final call.All the shares were applied and allotted. All the money was duly received.You are required to Journalise these transactions.

Answer» Hema Ltd. invited applications for 10,000 shares of ₹ 100 each payable as follows:

₹ 20 on application, ₹ 30 on allotment, ₹ 20 on first call and the balance on final call.

All the shares were applied and allotted. All the money was duly received.

You are required to Journalise these transactions.


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