Govind Ltd., issued a prospectus inviting applications for 20,000 shares of ₹ 10 each at a premium of ₹ 3 per share, payable as to ₹ 4 on application; ₹ 5 on allotment (including premium); ₹ 2 on First Call; and ₹ 2 on Final call

Govind Ltd., issued a prospectus inviting applications for 20,000 shares of ₹ 10 each at a premium of ₹ 3 per share, payable as to ₹ 4 on application; ₹ 5 on allotment (including premium); ₹ 2 on First Call; and ₹ 2 on Final call. Applications were received for 27,000 shares. Directors allotted the shares as follows:

On Application	₹ 4 per share
On Allotment	₹ 6 (including premium of ₹ 3)
On First and Final Call	Balance

Give entries in the Cash Book and Journal, assuming that all sums due on allotment and calls have been received. [Ans. Cash at Bank ₹ 2,60,000.]