red&white company Ltd.invitedapplications for issuing 6000 shares of R

1.	red&white company Ltd.invitedapplications for issuing 6000 shares of Rs.100 each payable Rs.40 on application Rs.30 on allotment Rs.30 on first and final call
Answer» Answer: company issue 6000 shares of 100 each 6000× 100 = 6,00,000 total 1) BANK ac Dr to share application Ac 6000 × 40 = 240,000 2) share application Ac Dr. to share CAPITAL account 240,000 3) share ALLOTMENT ac Dr. 6000× 30 = 180,000 to share capital 4) bank ac Dr. . to share allotment 180,000 5) share 1st and final call dr. 6000× 30 = 180,000 to share capital 6) bank ac Dr. to share 1st and final call ac . 180,000 Explanation: on application received money 240,000 on allotment. 180,000 on 1st and final call. 180,000 total. 6 LAK .

red&white company Ltd.invitedapplications for issuing 6000 shares of Rs.100 each payable Rs.40 on application Rs.30 on allotment Rs.30 on first and final call

Answer»

Answer:

company issue 6000 shares of 100 each

6000× 100 = 6,00,000 total

1) BANK ac Dr

to share application Ac 6000 × 40 = 240,000

2) share application Ac Dr.

to share CAPITAL account 240,000

3) share ALLOTMENT ac Dr. 6000× 30 = 180,000

to share capital

4) bank ac Dr. .

to share allotment 180,000

5) share 1st and final call dr. 6000× 30 = 180,000

to share capital

6) bank ac Dr.

to share 1st and final call ac . 180,000

Explanation:

on application received money 240,000

on allotment. 180,000

on 1st and final call. 180,000

total. 6 LAK .

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