Bank A/c Dr. 28,500 ToShareAllotment 28,500 (Beingallotmentmoneyreceived) OR Bank A/c Dr. 28,500 Calls in ArrearsA/c Dr. 1,500 1 mark ToShareAllotment 30,000 ShareFirstCallA/c Dr. 60,000 60,000 1 mark due) Bank A/c Dr. 57,000 57,000 received ) ½ mark OR Bank A/c Dr. 57,000 Calls in ArrearsA/c Dr. 3,000 60,000 1 mark firstcall received) ShareCapitalA/c Dr. 12,000 6,000 1,500 ½ mark A/cToShareFirstCallA/c 3,000 = To 1,500 ½ +½+ ½ +1+ for nonpaymentof ½ +1+ allotmentmoneyandfirstcall) ShareSecond andFinalCallA/c Dr. 57,000 1+1+½ ToShareCapitalA/c 57,000 + 1+½ (Beingsecond andfinalcall due = on28,500shares) 8 marks Bank A/c Dr. 57,000 ToShareSecond and 57,000 FinalCallA/c(Being second andfinalcall received) Bank A/c Dr. 13,500 Discount onIssueof SharesA/c Dr. 1,500 ToShareCapitalA/c 15,000 (Being1,500sharesreissued @Rs.9 persharefullypaid) ShareForfeiture A/c Dr. 6,000 ToCapitalReserve 6,000 (Being the balance in ShareForfeiture A/ctransferredto capitalreserve)
Bank A/c ToShareAllotment (Beingallotmentmoneyreceived) OR Bank A/c Calls in ArrearsA/c ToShareAllotment Dr. Dr. Dr. 28,500 28,500 1,500 28,500 30,000 1 mark ShareFirstCallA/c Dr. due) 60,000 60,000 1 mark Bank A/c Dr. received ) OR Bank A/c Dr. Calls in ArrearsA/c Dr. firstcall received) 57,000 57,000 3,000 57,000 60,000 ½ mark 1 mark ShareCapitalA/c Dr. A/cToShareFirstCallA/c To for nonpaymentof allotmentmoneyandfirstcall) 12,000 6,000 1,500 3,000 1,500 ½ mark = ½ +½+ ½ +1+ ShareSecond andFinalCallA/c Dr. ToShareCapitalA/c (Beingsecond andfinalcall due on28,500shares) 57,000 57,000 ½ +1+ 1+1+½ + 1+½ = Bank A/c Dr. ToShareSecond and FinalCallA/c(Being second andfinalcall received) 57,000 57,000 8 marks Bank A/c Dr. Discount onIssueof SharesA/c Dr. ToShareCapitalA/c (Being1,500sharesreissued @Rs.9 persharefullypaid) 13,500 1,500 15,000 ShareForfeiture A/c Dr. ToCapitalReserve (Being the balance in ShareForfeiture A/ctransferredto capitalreserve) 6,000 6,000
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