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प्रश्न
Software solution India Ltd inviting application for 20,000 equity share of Rs 100 each, payable Rs 40 on application, Rs 30 on allotment and Rs 30 on call. The company received applications for 32,000 shares. Application for 2,000 shares were rejected and money returned to Applicants. Applications for 10,000 shares were accepted in full and applicants for 20,000 share allotted half of the number of share applied and excess application money adjusted into allotment. All money received due on allotment and call. Prepare journal and cash book.
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उत्तर
| Date | Particulars | L.F | Debit Amount Rs | Credit Amount Rs |
|
Equity Share Application A/c To Equity Share Capital A/c To Equity Share Allotment A/c (Application money transferred to Equity Share Capital for 20,000 shares @ Rs 40 and Rs 4,00,000 is adjusted towards allotment) |
12,00,000 |
8,00,000 4,00,000
|
||
|
Equity Share Allotment A/c To Equity Share Capital A/c (Equity Share Allotment money due on 20,000 @ Rs 30 per share) |
6,00,000
|
6,00,000
|
||
|
Equity Share First and Final call A/c To Equity Share Capital A/c (Equity share on First and Final call due on 20,000 @ Rs 30 per share) |
6,00,000
|
6,00,000
|
||
Cash book (bank column)
| Date | Particulars | J.F | Amount Rs | Date | Particulars | J.F | Amount Rs |
| Equity Share | 12,80,000 | Equity Share | 80,000 | ||||
| Application Equity Share | 2,00,000 | Application Balance c/d | 20,00,000 | ||||
| Allotment Equity Share First and Final Call | 6,00,000 | ||||||
| 20,80,000 | 20,80,000 |
Working note
| Amount due on Allotment for 20,000 shares @ Rs 30 per share Money adjusted on application 10,000 shares @ Rs 40 each Money to be received on Allotment |
6,00,000 4,00,000 |
| 2,00,000 |
