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A limited company offered for subscription of 1,00,000 equity shares of Rs.10 each at a premium of Rs.2 per share. 2,00,000. 10% Preference shares of Rs.10 each at par. The amount on share was payable as under :

The amount on share was payable as nunder

Equity sharespreference shares
On Application Rs.3 per shareRs.per share
On allomentRs.5 per share (including a premium)Rs. per share
On First callRs. per shareRs. per share

All the shares were fully subscribed,called -up and paid.

Record these transactions in the journal and cash book of the company.

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Note: Entries related to money received are directly taken in cash book. The entries for equity shares and preference shares can be made separately also. 

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