A company issued 30,000 shares of 10 each at a discount of 1 per share payable 2

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A company issued 30,000 shares of ₹10 each at a discount of ₹1 per share payable ₹2 on application, ₹3 on allotment and the balance on the final call. All the shares offered were applied and allotted. Give journal entries.

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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Posted: Aug 30, 2023 06:55 AM

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A company issued 30,000 shares of 10 each at a discount of 1 per share payable 2

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To record the issuance of 30000 shares at a discount of 1 per share with the payment terms of 2 on a...View the full answer

Corporate Accounting

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