Q. 5. Issue of Equity Shares
March 2018 HSC Board Paper SolutionRefer to the question paper images below.
Journal of Aniket Ltd.
In the books of the CompanySwipe table left/right to view amounts →
| Date | Particulars | L.F. | Debit (Rs.) | Credit (Rs.) |
|---|---|---|---|---|
| (1) |
Bank A/cDr.
To Equity Share Application A/c
[Being application money received on 50,000 shares @ Rs. 20]
|
10,00,000 | 10,00,000 |
|
| (2) |
Equity Share Application A/cDr.
To Equity Share Capital A/c
To Equity Share Allotment A/c
[Being share application money transferred to share capital A/c and excess amount adjusted to allotment money]
|
10,00,000 | 8,00,000 2,00,000 |
|
| (3) |
Equity Share Allotment A/cDr.
To Equity Share Capital A/c
[Being Share allotment money due on 40,000 shares @ Rs. 30]
|
12,00,000 | 12,00,000 |
|
| (4) |
Bank A/cDr.
To Equity Share Allotment A/c
[Being share allotment money received]
|
10,00,000 | 10,00,000 |
|
| (5) |
Equity Share First Call A/cDr.
To Equity Share Capital A/c
[Being share first call amount due on 40,000 shares @ Rs. 30]
|
12,00,000 | 12,00,000 |
|
| (6) |
Bank A/cDr.
To Equity Share First Call A/c
[Being share first call amount received on 39,000 shares]
|
11,70,000 | 11,70,000 |
|
| (7) |
Equity Share Second Call A/cDr.
To Equity Share Capital A/c
[Being share second call amount due on 40,000 shares @ Rs. 20]
|
8,00,000 | 8,00,000 |
|
| (8) |
Bank A/cDr.
To Equity Share Second Call A/c
[Being share second call amount received on 39,000 shares]
|
7,80,000 | 7,80,000 |
|
| (9) |
Equity Share Capital A/cDr.
To Equity Share First Call A/c
To Equity Share Second Call A/c
To Equity Share Forfeiture A/c
[Being 1,000 shares forfeited on account of non-payment of first and second call]
|
1,00,000 | 30,000 20,000 50,000 |
Entry no6 explain plz sir
ReplyDeleteArrer is not there is 6 entry
ReplyDeleteIn the 6th entry the amt. Will be calculated at 39000 shares as 1000 shares are not paid so the amt will be Rs. 11,70,000
ReplyDeleteGlt h bro
ReplyDeleteUmmm was this corrected later
ReplyDelete