The designation cash, The designation cash was properly

The designation cash

Reference no: EM13906645

Wonder Ltd. issued 10,000, 12% Preference Shares of ` 100 every at a premium of ` 10 for each offer payable as follows:

On Application Rs. 30

On Allotment Rs. 30 (counting premium)

On First Call Rs. 25

On Final Call Rs. 25

Applications were gotten for 12,000 shares and the chiefs distributed 10,000 shares and rejected applications for 2,000 shares and the cash got subsequently was discounted.

The designation cash was properly gotten while the first call cash was gotten on 9,000 shares and the last call cash on 8,000 shares.

Demonstrate the money book and diary passages and set up the accounting report of the organization.

Reference no: EM13906645

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