(Application money credited to capital account) 3. Share Allotment Account Dr. 5,000 To Share Capital Account 3,000 To Securities premium Account 2,000 (Amount on allotment amount and Share premium credited to respective accounts) 4. Bank Account Dr. 5,000 To Share Allotment 5,000 (Share allotment money collected, with the exception of 300 shares) 5. Share 1st Call Account 4,000 Dr. 4,000 To Share Capital (Share 1st call amount @Rs.5 per share credited to capital) 6. Bank Account Dr. 2,800 Calls in Arrears Dr. 1,200 To Share 1st Call 4,000 (Share 1st call amount received) 7. Share Capital Account Dr. 3,000 To Share Forfeiture Account 1,800 To Calls in Arrears Account 1,200 (Shares with default have been forfeited)
(Application money credited to capital account) 3. Share Allotment Account Dr. To Share Capital Account To Securities premium Account (Amount on allotment amount and Share premium credited to respective accounts) 5,000 3,000 2,000 4. Bank Account Dr. To Share Allotment (Share allotment money collected, with the exception of 300 shares) 5,000 5,000 5. Share 1st Call Account Dr. To Share Capital (Share 1st call amount @Rs.5 per share credited to capital) 4,000 4,000 6. Bank Account Dr. Calls in Arrears Dr. To Share 1st Call (Share 1st call amount received) 2,800 1,200 4,000 7. Share Capital Account Dr. To Share Forfeiture Account To Calls in Arrears Account (Shares with default have been forfeited) 3,000 1,800 1,200
217622_47073_company_account.docx