Question: When a company issues shares with partial payment required onapplication and the remainder on allotment, the journal entry torecord cash received on allotment of shares

When a company issues shares with partial payment required onapplication and the remainder on allotment, the journal entry torecord cash received on allotment of shares is:

Dr Cash at bank

Cr Call

Dr Cash trust

Cr Share capital

Dr Cash at bank

Cr Allotment

Dr Cash trust

Cr Application

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