Nisha Sharma posted an Question
March 30, 2021 • 21:22 pm 30 points
  • UGC NET
  • Commerce

What is the entry for premium amount called with call money

what is the entry for premium amount called with call money

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  • Rahul best-answer

    entry for due amount is - share first call account - dr To share capital account To security premium account next entry for received amount is - Bank account -dr to share first call acount ( with premium amount ) In case of final call account share final call account - Dr To share capital account To security premium account entry for amount received Bank account - Dr To share final call account (with amount of premium received)

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