Please answer ques no 101
Dear Student,
Workings:
Regards
Journal | |||||
Date | Particulars | L.F. | Debit Amount (Rs) |
Credit Amount (Rs) |
|
Bank A/c | Dr. | 3,00,000 | |||
To Equity share Application A/c | 3,00,000 | ||||
( Being application money received on 1,50,000 shares ) | |||||
Equity share Application A/c | Dr. | 3,00,000 | |||
To Equity share Capital A/c | 2,00,000 | ||||
To Share Allotment A/c | 1,00,000 | ||||
( Being Application money transferred to share capital account) | |||||
Equity Share Allotment A/c | Dr. | 2,00,000 | |||
To Equity share Capital A/c | 2,00,000 | ||||
( Being money due on Allotment) | |||||
Bank A/c(2,00,000-1,00,000-800) | Dr. | 99,200 | |||
To Equity share Allotment A/c | 99,200 | ||||
( Being Amount received in allotment) | |||||
Equity share capital A/c | Dr. | 2,400 | |||
To Share Allotment A/c | 800 | ||||
To share forfeited A/c | 1,600 | ||||
( Being forfeiture of 600 shares for nonpayment of allotment money) | |||||
Share First Call A/c | Dr. | 5,96,400 | |||
To Equity share capital A/c | 5,96,400 | ||||
( Being first call money due on 99,400 shares) | |||||
Bank A/c (5,96,400-4,800) | Dr. | 5,91,600 | |||
To Equity share first Call A/c | 5,91,600 | ||||
( Being First call money received on shares) | |||||
Share Capital A/c | Dr. | 8,000 | |||
To Equity share first Call A/c | 4,800 | ||||
To share Forfeited A/c | 3,200 | ||||
( Being forfeiture of 800 shares) | |||||
Bank A/c | Dr. | 8,000 | |||
Share Forfeited A/c | Dr. | 2,000 | |||
To Share Capital A/c | 10,000 | ||||
( Being Re-issue of 1,000 forfeited shares) | |||||
Share Forfeited A/c(1,600+1,600-2,000) | Dr. | 1,200 | |||
To Capital Reserve A/c | |||||
( Being Profit on Re-issue transferred to Capital Reserve) | |||||
Workings:
Regards