29 :- Home Products Ltd. Is registered with authorised capital of Rs 10,00,000 divided into 1,00,000 equity shares of Rs 10 each. It issued 70,000 Equity Shares for subscription at premium of Rs 2 per share, payable Rs 3 on application, Rs 5 on allotment and balance on first and final call. It received subscription for 62,500 shares.
You are required to pass the necessary Journal entries.
Solution :-
