Q. Company offered 10,000 ordinary shares of Rs. 10 at Rs. 12. Company received 8,000 shares application. They allotted Shares against application receipt. Requirement: Pass the necessary journal entries. Q. Company offered 10,000 ordinary shares of Rs. 10 at Rs. 9. Company received 10,000 shares application. They allotted Shares against application receipt. Q. Company offered 10,000 ordinary shares of Rs. 10 at Rs. 9. Company received 15,000 shares application. They allotted Shares against application receipt and refund excess money. Requirement: Pass the necessary journal entries.
Q. Company offered 10,000 ordinary shares of Rs. 10 at Rs. 12. Company received 8,000 shares application. They allotted Shares against application receipt. Requirement: Pass the necessary journal entries. Q. Company offered 10,000 ordinary shares of Rs. 10 at Rs. 9. Company received 10,000 shares application. They allotted Shares against application receipt. Q. Company offered 10,000 ordinary shares of Rs. 10 at Rs. 9. Company received 15,000 shares application. They allotted Shares against application receipt and refund excess money. Requirement: Pass the necessary journal entries.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Q. Company offered 10,000 ordinary shares of Rs. 10 at Rs. 12. Company received 8,000 shares application. They allotted Shares against application receipt.
Requirement: Pass the necessary
Q. Company offered 10,000 ordinary shares of Rs. 10 at Rs. 9. Company received 10,000 shares application. They allotted Shares against application receipt.
Q. Company offered 10,000 ordinary shares of Rs. 10 at Rs. 9. Company received 15,000 shares application. They allotted Shares against application receipt and refund excess money.
Requirement: Pass the necessary journal entries.
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