hi for all i completed Mba finance in 2008.then i got a job
in kpo capital iq as jra for 1 year than i left it and done
a course sap fico so now looking for a job in sap how to
approach? pls give me answer
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Sanjay Ltd invited applications from the public for the issue of 10,000 equity shares of Rs. 10 each at a premium of 20%, payable Rs. 3 on application; Rs. 5 on allotment including premium and the balance in two calls of an equal amount. Applications for 15,000 equity shares were received. The directors allotted 10,000 shares to all the applicants on pro-rata basis adjusting the excess application money towards allotment. All money due on allotment and calls were received. Give journal entries to record the above transactions in the books of the company. Also show the balance sheet.
Rs.5000 paid school fees of Director's son. pass the journal entry
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