ShareCapitalA/c Dr. 5,600 SecuritiesPremiumA/c Dr. 1,600 3,600 2,000 1 mark A/cToShareFirstCallA/c 1,600 (Being800sharesforfeitedfor nonpaymentof 1 mark allotmentmoneyandfirstcall) = OR 5,600 ½ +1+ ShareCapitalA/c Dr. 1,600 3,600 1+1+½ SecuritiesPremiumA/c Dr. 3,600 + 1+1+ in ArrearsA/c 1 +1 (Being800sharesforfeitedfornonpaymentof = allotmentmoneyandfirstcall) Bank A/c Dr. 9,600 marks OR ToShareCapitalA/c 5,600 4,000 ShareForfeiture A/c 3,600 3,600 Share ½ mark capitalreserve) ½ mark OR ½ mark InTheBooksofVelcoLtd. JOURNAL Date Particulars F Dr.(Rs.) Cr.(Rs.) Bank A/c Dr. 1,20,000 1 mark ToShareApplication 1,20,000 A/c(Beingapplication on ShareApplication A/c Dr. 1,20,000 90,000 A/c 30,000 ½ mark (Beingapplication moneyadjusted) ShareAllotmentA/c Dr. 60,000 DiscountonIssueof Dr. 30,000 90,000 1 mark (Beingallotmentmoneydue)
ShareCapitalA/c Dr. SecuritiesPremiumA/c Dr. A/cToShareFirstCallA/c (Being800sharesforfeitedfor nonpaymentof allotmentmoneyandfirstcall) OR ShareCapitalA/c Dr. SecuritiesPremiumA/c Dr. in ArrearsA/c (Being800sharesforfeitedfornonpaymentof allotmentmoneyandfirstcall) 5,600 1,600 5,600 1,600 3,600 2,000 1,600 3,600 3,600 1 mark 1 mark = ½ +1+ 1+1+½ + 1+1+ 1 +1 = Bank A/c ToShareCapitalA/c Dr. 9,600 5,600 4,000 marks OR ShareForfeiture A/c Share capitalreserve) 3,600 3,600 ½ mark OR InTheBooksofVelcoLtd. JOURNAL ½ mark ½ mark Date Particulars F Dr.(Rs.) Cr.(Rs.) 1 mark Bank A/c ToShareApplication A/c(Beingapplication Dr. on 1,20,000 1,20,000 ShareApplication A/c A/c (Beingapplication moneyadjusted) Dr. 1,20,000 90,000 30,000 ½ mark ShareAllotmentA/c DiscountonIssueof (Beingallotmentmoneydue) Dr. Dr. 60,000 30,000 90,000 1 mark
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