. Mohan Ltd. issued 10,000 equity shares of * 100 each at a premium of 5%. Applications were received for 15,000 shares. Application fee is 20 per share. All the desired shares were allotted tothe applicants of 9,000 shares; 1,000 shares were allotted to the applicants of 5,000 shares and noshares were allotted to the remaining applicants. Allotment fee is * 35 per share, which includes5 for premium. According to Prospectus if the amount received on application is more than theamount due, the excess is used for payments of allotment and call's amounts. First and final call isof * 50. All the calls were duly made and payments were also duly received. Pass the necessaryJournal entries in the books of Mohan Ltd. Shares have been permitted to be dealt in on the StockExchange.

. Mohan Ltd. issued 10,000 equity shares of * 100 each at a premium of

1.	. Mohan Ltd. issued 10,000 equity shares of * 100 each at a premium of 5%. Applications were received for 15,000 shares. Application fee is 20 per share. All the desired shares were allotted tothe applicants of 9,000 shares; 1,000 shares were allotted to the applicants of 5,000 shares and noshares were allotted to the remaining applicants. Allotment fee is * 35 per share, which includes5 for premium. According to Prospectus if the amount received on application is more than theamount due, the excess is used for payments of allotment and call's amounts. First and final call isof * 50. All the calls were duly made and payments were also duly received. Pass the necessaryJournal entries in the books of Mohan Ltd. Shares have been permitted to be dealt in on the StockExchange.
Answer» TE YOUR ANSWER ISAllotment fee is * 35 PER SHARE, which includes5 for premium. According to Prospectus if the amount received on application is more than THEAMOUNT due, the excess is used for payments of allotment and call's amounts. First and final call isof * 50. All the CALLS were DULY made and payments were also duly received. Pass the necessaryJournalHOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️

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