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Anand Company Limited issued 1,00,000 preference shares of ₹ 10 each payable as 

On Application ₹ 4

On Allotment ₹ 3

On First call ₹ 2

On Second & Final call?

The company received applications for all these shares and received all money.

Pass Journal Entries in the books of Anand Company Ltd.

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Journal Entries in the books of An and Company Ltd.

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