X Ltd. made its first call of Rs 10 per share on 1st July 2014. Pratiksha holding 300 shares ****** to pay the call money.

Question 1

X Ltd. made its first call of Rs 10 per share on 1st July 2014. Pratiksha holding 300 shares ** to pay the call money. She could pay the money only on 31st December, 2014. Company charged interest @12% per annum. Make necessary journal entry for the interest charged by the company.

Question 2

Amount of interest due = (3,000 x 12/100 x 6/12) = 180

              **Journal Entries**

kratos · Answer 1 · 2021-02-25T15:48:12+0000

Amount of interest due = (3,000 x 12/100 x 6/12) = 180

              **Journal Entries**

X Ltd. made its first call of Rs 10 per share on 1st July 2014. Pratiksha holding 300 shares ****** to pay the call money.

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X Ltd. made its first call of Rs 10 per share on 1st July 2014. Pratiksha holding 300 shares ****** to pay the call money.

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