Question

The Adersh Control Device Ltd was registered with the authorised capital of Rs 3,00,000 divided into 30,000 shares of Rs 10 each, which were offered to the public. Amount payable as Rs 3 per share on application, Rs 4 per share on allotment and Rs 3 per share on first and final call. These share were fully subscribed and all money was dully received. Prepare journal and Cash Book.

Answer 1

Books of Adersh Control Device Ltd

Journal 

Date	Particulars	L.F	Debit  Amount Rs	Credit Amount Rs
	Equity Share Application A/c    To Equity Share Capital A/c    (Share Application money for 30,000 shares @ Rs 3 per share transferred to Share Capital Account		90,000	90,000
	Equity Share Allotment A/c To Equity Share Capital A/c (Share Allotment money due on 30,000 @ Rs 4 per share)		1,20,000	1.20,000
	Equity Share First and Final Call A/c To Equity Share Capital A/c (Share First and Final Call due on 30,000 @ Rs 3 per share)		90,000	90,000

Cash book ( Blank coloum)

 

Date	Particulars	J.f	Amount Rs	Date	Particulars	J.F	Amount Rs
	Equity Share  Application Equity Share Allotment Equity Share First and Final call		90,000       1,20,000       90,000		By Balance c/d		3,00,000
			3,00,000				3,00,000