Ques19. Company accounts share capital....
Check my solution...
I have a doubt in last point....
Dear student
Your last entry is not correct because we are given that in total 50,000 shares were allotted out of total 60000 applications on which call money of Rs. 3 is due. And we are given that whole call money is received except 100 shares. So In The Last entry bank account will be debited by 149700. (49900*3). Calls in arrears account will be debited by 300 (100*3). and share call money will be credited by rupees 150000 (50000*3). Regards
Your last entry is not correct because we are given that in total 50,000 shares were allotted out of total 60000 applications on which call money of Rs. 3 is due. And we are given that whole call money is received except 100 shares. So In The Last entry bank account will be debited by 149700. (49900*3). Calls in arrears account will be debited by 300 (100*3). and share call money will be credited by rupees 150000 (50000*3). Regards