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Issue of Shares Quiz : How you record each transaction in books of accounts

When Application Money is Received ?

When share allotment is made

Application money transfer

Refund of Excess application money, if applicable

How do you adjust allotment money

How to adjust Surplus Application Money

Entries to transfer excess balance of application money

Entry for Allotment Money Received

Advance Call Amount Received, if any

Entries when Calls are made

For adjustment of call money

Entries for Adjusting Calls in Advance

Entries on Call money received

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