X Ltd. issued 20,000 equity shares of 10 each payable 2 on application: 23
allotment: 3 on first call and 2 on second and final call. The applications
received for 28,000 shares, All the share money was duly received. Pass join
entries when excess application money is used for allotment.
(Ans: Total of Journal 4,16,000]
