The authorised capital of a limited company is BD. 5,000,000 divided into 50,000 equity shares of BD.100 each. Out of these, some shares have been issued to the public, payable BD. 25 on application, BD. 30 on the allotment, BD. 25 on the first call and BD. 20 on the second and final call. All amounts have been duly received.

Requirement: 

Use the last five numbers of your student ID as the numbers of shares issued by the company. Pass necessary journal entries and prepare a Balance sheet

Answer rating: 100% (QA)

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