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LoginDuttsons Ltd. registered with a nominal capital of 5,00,000 in shares of * 100 each. 3,000shares of which were issued payable as to 12.50 on application, 12.50 on allotment, * 25 threemonths after allotment and the balance to be called-up as and when required. All moneys uptoallotment were duly recorded but as regards the call of * 25, a shareholders holding 100 sharesdid not pay the amount due. Another shareholder who was allotted 150 shares paid them in full.Show the necessary entries to record the above transactions (including cash).
Accountancy Secondary School in Accountancy 10 months ago
Posted on 06 Nov 2024, this text provides information on Accountancy related to Secondary School in Accountancy. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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