Alpha Co. issued to the public for subscription 40000 shares of rs 10 each at discount of 10%payable as rs. 2 each on application, allotment and first call and rs.3 on the final call. Applications were received for 60000 shares and allotment was made pro-rata to 80% of applicants. R to whom 2000 shares were allotted paid only the application money, and S who had applied for 3000 shares,paid the entire call money due along with the allotment. pass journal entries to record the above transaction.

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Is Taxi bills allowed to claim the LTA?

1 Answers  

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Why do you want to work in audit?

0 Answers   Ernst Young, Thomson Reuters,

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What are 15 major mistake done while writing books of account? What are 5 major fraud done by Junior Accountant?

0 Answers   Ecobank,

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Why should we have three Accounting Principles(personal, real & nominal) instead of one

1 Answers  

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I have been recommended for the post of section officer commercial audit in exams held in 2009. I want to know procedure aftr getting recommnded Since I want to do a course in IFRS.

0 Answers   SSC,

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what is bank audit and what type of document is used in bank audit

2 Answers   IOCL, State Bank Of India SBI,

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Describe the steps of an audit ?

3 Answers   Ernst Young,

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what is the accounting treatment on Putoption over own shares.?

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for how much loan a borrower has to submit QIS

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what is GSP . Pls clear it

3 Answers  

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What is the mean of decommission liability?

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