1.

mangalam ltd issued 20000 share to the public each of rs.100 payable as rs.20 on application rs.40 on allotment rs.30 1st call and rs.10 on 2nd and final call A share holder Xhold 1500share failed to pay first call money and another share holder Y holds 1000 share paid his 2nd call money with 1st call.Pass necessary journal entry in the book of company assumly the application money received for 10000 shares​

Answer»

mangalam ltd issued 20000 share to the PUBLIC each of rs.100 PAYABLE as rs.20 on application rs.40 on ALLOTMENT rs.30 1st call and rs.10 on 2nd and final call A share holder Xhold 1500share failed to pay first call money and another share holder Y HOLDS 1000 share PAID his 2nd call money with 1st call.Pass necessary journal entry in the book of company assumly the application money received for 10000 shares



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