Question - 29

Softwere soluation India Ltd. invited application for 20,000 equity sahres of Rs. 100 each, Payable Rs. 40 on application Rs. 30 on allotment and Rs. 30 on call the company received application for 32,000 shares application for 200 shares were rejected and money returned to applications. Applications for 10,000 shares werer accepted in full and applicants for 20,000 shares allotted half of the number of shares applied and excess applications money adjusted into allotment all money due on allotment and call was received.

prepare journal and cash book.

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