A limited company offered for subscription of 1,00,000 equity shares of Rs.10 each at a premium of Rs. 2 per share. 2,00,000 : 10% Preference shares of Rs. 10 each at par. The amount on share was payable as under Equity SharesPreference SharesOn ApplicationRs.3 per shareRs.3 per shareOn AllotmentRs.5 per shareRs.4 per share(including a premium)On First CallRs.4 per shareRs.3 per share All the shares were fully subscribed, called-up and paid. Record these transactions in the journal and cash book of the company.

A limited company offered for subscription of 1,00,000 equity shares o

1.	A limited company offered for subscription of 1,00,000 equity shares of Rs.10 each at a premium of Rs. 2 per share. 2,00,000 : 10% Preference shares of Rs. 10 each at par. The amount on share was payable as under Equity SharesPreference SharesOn ApplicationRs.3 per shareRs.3 per shareOn AllotmentRs.5 per shareRs.4 per share(including a premium)On First CallRs.4 per shareRs.3 per share All the shares were fully subscribed, called-up and paid. Record these transactions in the journal and cash book of the company.
Answer» A limited company offered for subscription of 1,00,000 equity shares of Rs.10 each at a premium of Rs. 2 per share. 2,00,000 : 10% Preference shares of Rs. 10 each at par. The amount on share was payable as under $\begin{matrix} Equity Shares & Preference Shares On Application & Rs.3 per share & Rs.3 per share On Allotment & Rs.5 per share & Rs.4 per share (including a premium) On First Call & Rs.4 per share & Rs.3 per share \end{matrix}$ All the shares were fully subscribed, called-up and paid. Record these transactions in the journal and cash book of the company.

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