Illustration 6 Chandra Limited issued 15000 Preference share of rupees hundred each at a premium of 5%. payment were to be made as - rupees 25 on application, rupees 45 on allotment and rupees 35 on first and final call. the applications for 14000 shares received And all were accepted. all the money was duly received except the first and final call on 200 share. give the necessary journal entry and prepare cash book of the company. also give the opening balance sheet of the company. |

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