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

When Application Money is Received ?

Correct! Wrong!

When share allotment is made

Correct! Wrong!

Application money transfer

Refund of Excess application money, if applicable

Correct! Wrong!

How do you adjust allotment money

Correct! Wrong!

How to adjust Surplus Application Money

Correct! Wrong!

Entries to transfer excess balance of application money

Correct! Wrong!

Entry for Allotment Money Received

Correct! Wrong!

Advance Call Amount Received, if any

Correct! Wrong!

Entries when Calls are made

Correct! Wrong!

For adjustment of call money

Entries for Adjusting Calls in Advance

Correct! Wrong!

Entries on Call money received

Correct! Wrong!

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