Question - 04(A) 

Anish Limited issued 30,000 first equity shares of Rs. 100 each payable at Rs. 30 on application, Rs, 50 on allotment and Rs. 20 on first and final call All money was duly received. Record these transactions in the journal of the company.


Question - 04 (B)

Sharma and Co. Issued 10,000 shares @ Rs. 20 each Application received for all shares payable as Rs. 5 on application, Rs. 10 on allotment and Rs. 5 on calls. all the calls amount received pass necessary journal entries.


Question - 04 (C)

Authorised capital of Lokesh Ltd. was Rs. 5,00,000 divided into 25,000 shares of Rs. 20 each. Company issued 20,000 shares. following amount were called:

Rs. 3 on Application, Rs. 7 on allotment, Rs. 5 on first call and Rs. 5 on final call. Application received for 18,000 shares all the amount were received pass journal entries. 

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