Question - 15

B Ltd. issued 10,000 equity shares of Rs. 100 each at 10% premium. the share money was payable as Rs. 22 on aplication (with Rs. 2 as premium); Rs. 33 on allotment (with Rs. 3 as premium); Rs. 29 on first call (with Rs. 4 as premium) and Rs. 26 on second call (with Rs. 1 as premium) All the due amount were duly received pass journal entries in the books of company.

NOTE : Please purchase the book for looking question.