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