Solution: Solution: JOURNAL Particulars L.F. Amt.(Dr.) Amt.(Dr.) Bank A/c Dr. To Share Application A/c 2,400 (Being share application money received on 1,500 46,000) 9,00 Share Application A/c Dr. 1,38,000 75,000 To Share Capital A/c To Share Allotment A/c 45,000 18,000 To Bank A/c (Being share application money transferred) Share Allotment A/c Dr. 1,25,000 To Share Capital A/c 75,000 To Securities Premium Res. A/c 50,000 (Being allotment money due) Bank A/c(12,5000-4,5000=8,0000-3,000= 78,600 77,000 +16,00)Dr. To Equity Share Allotment A/c 77,000 To Calls-in-advance a/c 1,600 (Being allotment money received and on 800 shares @ Rs. 4 per share). Share First call A/c Dr. To Share capital A/c 50,000 (Being first call money due) 50,000 Bank A/c Dr. 47,700 Calls-in-advance A/c 800 To Share First Call A/c 48,500 (Being first call money received ) Share Final Call A/c Dr. 50,0000 To Share Capital A/c 50,000 (Being final call money due) Bank A/c Dr. 47,700 Calls-in-advance A/c Dr. 800 To Share Final Call A/c 48,500 (Being final call money received) Shares issued 25,000 Nominal value Rs. 10 + 2 Rs. 3 on application – – Rs. 3 + 2 on allotment Rs. 2 on first call Rs. 2 on final call Applied Allotted 20,000 15,000 20,000 10,000 6,000 Nil 46,000 25,000
Solution: Solution: JOURNAL Particulars L.F. Amt.(Dr.) Amt.(Dr.) Bank A/c Dr. To Share Application A/c (Being share application money received on 46,000) 2,400 1,38,000 1,500 9,00 75,000 45,000 18,000 Share Application A/c Dr. To Share Capital A/c To Share Allotment A/c To Bank A/c (Being share application money transferred) Share Allotment A/c Dr. To Share Capital A/c To Securities Premium Res. A/c (Being allotment money due) 1,25,000 75,000 50,000 Bank A/c(12,5000-4,5000=8,0000-3,000= 77,000 +16,00)Dr. To Equity Share Allotment A/c To Calls-in-advance a/c (Being allotment money received and on 800 shares @ Rs. 4 per share). 78,600 50,000 77,000 1,600 50,000 Share First call A/c Dr. To Share capital A/c (Being first call money due) Bank A/c Dr. Calls-in-advance A/c To Share First Call A/c (Being first call money received ) 47,700 800 48,500 Share Final Call A/c Dr. To Share Capital A/c (Being final call money due) 50,0000 50,000 Bank A/c Dr. Calls-in-advance A/c Dr. To Share Final Call A/c (Being final call money received) 47,700 800 48,500 Shares issued 25,000 Nominal value – Rs. 10 + 2 – Rs. 3 on application Rs. 3 + 2 on allotment Rs. 2 on first call Rs. 2 on final call Applied Allotted 20,000 20,000 6,000 15,000 10,000 Nil 46,000 25,000
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