Akshay Ltd. made an issue of 20,000 shares of 10 each payable as follo

1.	Akshay Ltd. made an issue of 20,000 shares of 10 each payable as follows: 32 on application, 2 on allotment, 3 on first call and the balance on second call. The first call is made and all members pay, including a member holding 800 shares, who pays for the balance due in full. Later the final call is made and is fully met. Give journal entries.
Answer» Answer: akshy Limited mid and ISSUE of 20000 shares of 10 is PAYABLE as follows 32 an application to N allotment 31 first all the balance of second called the first call is made all MEMBER states including a member holding a dentist who pays for the balance due is informal letter the final call is made and full limits give general entry is Akshay paid BILL

Akshay Ltd. made an issue of 20,000 shares of 10 each payable as follows: 32 on application, 2 on allotment, 3 on first call and the balance on second call. The first call is made and all members pay, including a member holding 800 shares, who pays for the balance due in full. Later the final call is made and is fully met. Give journal entries.

Answer»

Answer:

akshy Limited mid and ISSUE of 20000 shares of 10 is PAYABLE as follows 32 an application to N allotment 31 first all the balance of second called the first call is made all MEMBER states including a member holding a dentist who pays for the balance due is informal letter the final call is made and full limits give general entry is Akshay paid BILL

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