Radaha mohan ltd invited application - Accountancy - Accounting for Share Capital

Question

Radaha mohan ltd invited application

Sakshi Gupta · Accepted Answer

Dear student
JOURNAL

DATE
PARTICULAR
L F
DEBIT
CREDIT

Bank A/C DR
To equity share application A/C
(Being amount receive on application)

90,00,000

Equity share application A/C DR
To equity shale capital A/C
To equity share allotment A/C
(Being amount adjusted towards allotment)

90,00,000

60,00,000
30,00,000

Equity share allotment A/C DR
To equity share capital A/C
(being allotment money is due)

1,00,00,000

Bank A/C DR
Calls-in-arrears A/C DR
To equity share allotment A/C
(Being allotment money is paid and call in arrears)

68,80,000
1,20,000

70,00,000

Equity share capital A/C DR
To calls-in-arrears A/C
To share forfeiture A/C
(Being shares are forfeited)

2,40,000

1,20,000
1,20,000

Bank A/C DR
Share forfeiture A/C DR
To share capital A/C
(Being shares are reissued)

1,80,000
60,000

2,40,000

Equity share first and final call A/C DR
To equity share capital A/C
(Being final call is due)

40,00,000

Bank A/C DR
Calls-in-arrears A/C DR
To equity share first and final call A/C
(Being final call is paid and calls in arrears)

39,90,000
10,000

40,00,000

Equity share capital A/C DR
To calls-in-arrears A/C
To share forfeiture A/C
(Being shahid's share are forfeited)

50,000

10,000
40,000

Bank A/C DR
To equity share capital A/C
To security premium reserve A/C
(Being shares are reissued)

60,000

50,000
10,000

Share forfeiture A/C DR
To capital reserve A/C
(Being amount left in forfeiture A/C transfer to capital
reserve)

1,00,000

<img alt="" src=
"https://s3mn%20mnimgs%20com/img/shared/content_ck_images/ck_5d9b17db1c9f2%20jpg"
style="width: 744px; height: 1023px;">
Regards

DATE	PARTICULAR	L.F	DEBIT	CREDIT
	Bank A/C DR To equity share application A/C (Being amount receive on application)		90,00,000	90,00,000
	Equity share application A/C DR To equity shale capital A/C To equity share allotment A/C (Being amount adjusted towards allotment)		90,00,000	60,00,000 30,00,000
	Equity share allotment A/C DR To equity share capital A/C (being allotment money is due)		1,00,00,000	1,00,00,000
	Bank A/C DR Calls-in-arrears A/C DR To equity share allotment A/C (Being allotment money is paid and call in arrears)		68,80,000 1,20,000	70,00,000
	Equity share capital A/C DR To calls-in-arrears A/C To share forfeiture A/C (Being shares are forfeited)		2,40,000	1,20,000 1,20,000
	Bank A/C DR Share forfeiture A/C DR To share capital A/C (Being shares are reissued)		1,80,000 60,000	2,40,000
	Equity share first and final call A/C DR To equity share capital A/C (Being final call is due)		40,00,000	40,00,000
	Bank A/C DR Calls-in-arrears A/C DR To equity share first and final call A/C (Being final call is paid and calls in arrears)		39,90,000 10,000	40,00,000
	Equity share capital A/C DR To calls-in-arrears A/C To share forfeiture A/C (Being shahid's share are forfeited)		50,000	10,000 40,000
	Bank A/C DR To equity share capital A/C To security premium reserve A/C (Being shares are reissued)		60,000	50,000 10,000
	Share forfeiture A/C DR To capital reserve A/C (Being amount left in forfeiture A/C transfer to capital reserve)		1,00,000	1,00,000