Q 19 DK Goel Issue of Shares Solutions Class 12 CBSE (2024-25)
Solutions of Question number 19 of Accounting for Companies Issue of shares chapter 6 of DK Goel Class 12 CBSE (2024-25)
Q. 19. On 28-2-2023 the first call of ₹ 2 per share became due on 50,000 equity shares allotted by Kumar Ltd. Komal, a holder of 1,000 shares, did not pay the first call money. Kovil, a holder of 750 shares, paid the second and final call of ₹ 4 per share alongwith the first call. Pass necessary Journal entry for the amount received by opening call-in-arrear and calls-in-advance accounts in the books of the company.
[Ans. Amount received ₹ 1,01,000.]
Solution:-
