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  3. 2. handbag ltd issued 2000 ordinary shares of p5 a

2. Handbag Ltd issued 2000 ordinary shares of P5 at an issue price of P8. Payment...

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Accounting

2. Handbag Ltd issued 2000 ordinary shares of P5 at an issueprice of P8. Payment for the shares was made as follows: Onapplication P2, on allotment P4 (including share premium), on firstcall P1 and on second call P1. Applications were received for2000.All the instalments were received on due dates. Preparerelevant accounts to record the above issue of shares.

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Account title DrP CrP Bank Account P2 x 2000 shares 4000 Share application ac 4000 Being received the aplication money at P2 per share for 2000 shares Share application    See Answer
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