Can anybody help me plz Dk goel class 12 pg- 6 157 sum 69 - Accountancy -

Question

Can anybody help me plz ?? Dk goel class 12 pg- 6 157 sum 69

Nitin Verma · Accepted Answer

Dear Student,

Cash
Book

Dr

Cr

Particulars
Amount
Rs
Particulars
Amount
Rs

Equity Share Application and Allotment
A/c(5,70,000× 9)
51,30,000
Equity Share Application and Allotment
A/c(20,000 ×9)
1,80,000

Equity Share 1st and final call
A/c(32,00,000-13,50,000-2,200-1,500)
18,46,300
Balance c/d
68,08,300

Equity Share Capital A/c
8,000

Security Premium Reserve
A/c
4,000

69,88,300

Journal

Date
Particulars
L F
Debit
Amount
(Rs)
Credit
Amount
(Rs)

Equity Share Application and Allotment
A/c
Dr

49,50,000

To Equity Share Capital A/c
(4,00,000 ´ 5)

20,00,000

To Security Premium reserve
A/c(4,00,000 ´ 4)

16,00,000

To Equity Share 1st and final call
A/c

13,50,000

(Transfer of application money to Share
Capital)

Equity Share 1st and final call
A/c
Dr

32,00,000

To Equity Share Capital A/c

20,00,000

To Security Premium reserve
A/c

12,00,000

(Equity Share 1st and final call
due)

Equity Share Capital A/c (800
´ 10)
Dr

8,000

Security Premium reserve A/c
Dr

2,400

To Equity Share First and Final Call
A/c

3,700

To Share Forfeiture A/c

6,700

(Forfeiture of 800 shares for non-payment of
call money)

Share Forfeiture A/c
Dr

6,700

To Capital Reserve A/c

6,700

(Profit on re-issue transferred to Capital
Reserve Account)

Note:
Shares applied by A=500×3,50,0002,50,000= 700 sharesMoney paid in advance on application= 200×9= Rs
 1,800So, amount must be sent on allotment=Rs
 2,200500×8=4,000-1,800Shares applied by B=300×2,00,0001,50,000= 400 sharesMoney paid in advance on application= 100×9= Rs
900So, amount must be sent on allotment=Rs
 1,500300×8=2,400-900

Regards

Cash Book
Dr.				Cr.
Particulars	Amount Rs	Particulars	Amount Rs

Equity Share Application and Allotment A/c(5,70,000 $\times$ 9)	51,30,000	Equity Share Application and Allotment A/c(20,000 $\times$ 9)	1,80,000
Equity Share 1^st and final call A/c(32,00,000-13,50,000-2,200-1,500)	18,46,300	Balance c/d	68,08,300
Equity Share Capital A/c	8,000
Security Premium Reserve A/c	4,000

	69,88,300		69,88,300

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)

	Equity Share Application and Allotment A/c	Dr.		49,50,000
	To Equity Share Capital A/c (4,00,000 ´ 5)				20,00,000
	To Security Premium reserve A/c(4,00,000 ´ 4)				16,00,000
	To Equity Share 1^st and final call A/c				13,50,000
	(Transfer of application money to Share Capital)

	Equity Share 1^st and final call A/c	Dr.		32,00,000
	To Equity Share Capital A/c				20,00,000
	To Security Premium reserve A/c				12,00,000
	(Equity Share 1^st and final call due)


	Equity Share Capital A/c (800 ´ 10)	Dr.		8,000
	Security Premium reserve A/c	Dr.		2,400
	To Equity Share First and Final Call A/c				3,700
	To Share Forfeiture A/c				6,700
	(Forfeiture of 800 shares for non-payment of call money)


	Share Forfeiture A/c	Dr.		6,700
	To Capital Reserve A/c				6,700
	(Profit on re-issue transferred to Capital Reserve Account)

Can anybody help me plz ?? Dk goel class 12 pg- 6.157 sum 69