Damodram Co. Ltd. issued 3,000 equity shares of 100 each, at a premium of 20 per share,

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Damodram Co. Ltd. issued 3,000 equity shares of ₹100 each, at a premium of ₹20 per share, payable as follows:

On application—₹20; on allotment—₹40; on first call—₹30; on final call—₹30. 

The amount due on allotment and first call were received. A shareholder holding 200 shares paid the final call money along with first call. Pass journal entries to record the above.

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Related Book For  answer-question

Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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