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प्रश्न
Journalise the following transactions in the books of Poonam Ltd.:
200 shares of ₹10 each issued at a premium of ₹5 each payable with allotment were forfeited for the non payment of allotment money of ₹8 per share including premium. The first and final call on these shares at ₹3 per share was not made. The forfeited shares were re-issued @ ₹12 per share fully paid up.
रोजकीर्द नोंद
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उत्तर
| Journal entries In the books of Poonam Ltd. |
||||
| Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
| 1. | Share Capital A/c (₹5 × 200) ...Dr. | 1,000 | ||
| Securities Premium A/c (₹3 × 200) ...Dr. | 600 | |||
| To Share Allotment A/c | 1,600 | |||
| (Being 200 shares forfeited for non-payment of allotment money including premium; only application money received) | ||||
| 2. | Bank A/c ...Dr. | 2,400 | ||
| To Share Capital A/c | 2,000 | |||
| To Securities Premium A/c (₹2 × 200) | 400 | |||
| (Being 200 forfeited shares reissued at ₹12 each as fully paid up including ₹2 premium) | ||||
| 3. | Share Forfeiture A/c ...Dr. | 800 | ||
| To Capital Reserve A/c | 800 | |||
| (Being balance of forfeiture transferred to capital reserve) | ||||
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