Success Ltd. issued 12,000 shares of 100 each. The amount of share payable as 20on application, 40 on allotment and 40 on first and final call. All amount have beenduly received. Pass the necessary journal entries in the books of the company.[ Ans. Cash received from Bank 12,00,000 1The authorised capital of X Limited is 2,00,000 which is divided i n

Success Ltd. issued 12,000 shares of 100 each. The amount of share pay

1.	Success Ltd. issued 12,000 shares of 100 each. The amount of share payable as 20on application, 40 on allotment and 40 on first and final call. All amount have beenduly received. Pass the necessary journal entries in the books of the company.[ Ans. Cash received from Bank 12,00,000 1The authorised capital of X Limited is 2,00,000 which is divided i n
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