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What is Share Capital Over Subscription Journal Entries about?

The document contains two accounting problems related to share capital with over subscription. The first problem involves a company issuing 15,000 shares that received over-subscriptions of 18,000 shares. It was decided to refuse allotment to 800 applicants, give full allotment to 2,200 applicants, and allot the remaining shares proportionately. One applicant failed to pay amounts due on allotment and call. The second problem involves a company issuing 10,000 shares that received over-subscriptions of 43,82

Author

madaanprazwal123

Language

EN