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Prem Industries Ltd. made the first call of ₹ 2 per share on its 1,00,000 Equity Shares on 1st March, 2021

Anurag Pathak
September 2, 2023
[CBSE] TS Grewal Solutions, Accounting For Share Capital

3.15K viewsSeptember 1, 2023[CBSE] TS Grewal Solutions Accounting For Share Capital

Anurag Pathak27.13K September 1, 2023 0 Comments

Prem Industries Ltd. made the first call of ₹ 2 per share on its 1,00,000 Equity Shares on 1st March, 2021. Ashok, a shareholder, holding 800 shares paid the second and final call amount along with the first call money. The second and final call amount was ₹ 3 per share. Pass necessary Journal entries for recording the above using the Calls in Advance Account.

Anurag Pathak Changed status to publish September 1, 2023

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Anurag Pathak Changed status to publish September 1, 2023

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Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

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