This topic contains 0 replies, has 0 voices, and was last updated by  EduGorilla 1 year, 4 months ago.

  • Author
    Posts
  • #899284 Reply
     EduGorilla 
    Keymaster
    Select Question Language :


    V Ltd. Issued 20,000 Equity shares of ₹10 each at a premium of ₹3 payable as follows:

    On Application ₹4 ; On Allotment ₹5 (including); On 1st Call ₹2 ; On 2nd Call ₹ 2.

    All shares were subscribed and all money duly received. Journal entry for the amount due on Final call will be ______

    Options :-

    1. Equity Share second and Final Call A/c Dr. 30000
      To Equity Share Capital A/c 30000

    2. Equity Share second and Final Call A/c  Dr. 20000
      To Equity Share Capital A/c 20000

    3. Equity Share second and Final Call A/c   Dr. 40000
      To Equity Share Capital A/c 40000

    4. Equity Share second and Final Call A/c   Dr. 20000
      To Equity Share Capital A/c 220000

    Post your Training /Course Enquiry
    Are You looking institutes / coaching center for
    • IIT-JEE, NEET, CAT
    • Bank PO, SSC, Railways
    • Study Abroad
    Select your Training / Study category
Reply To: V Ltd. Issued 20,000 Equity shares of ₹10 each at a premium of ₹3 payable as follows:On Applicat….
Your information:




GET UPTO 50%    OFF!
Verify Yourself




Log in with your credentials

or    

Forgot your details?

Create Account