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प्रश्न
Climax Ltd. made the second and final call on its 50,000 Equity Shares @ ₹ 2 per share on 1st January, 2026. The entire amount was received on 15th January, 2026 except on 100 shares allotted to Venkat. Pass necessary Journal entries for the call money due and received by opening Calls-in-Arrears Account.
रोजकीर्द नोंद
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उत्तर
| Journal Entries in the Books of Climax Ltd. |
|||
|---|---|---|---|
| Date | Particulars | Dr. (₹) | Cr. (₹) |
| 1 Jan. 2026 | Equity Shares Second and Final Call A/c ...Dr. | 1,00,000 | |
| To Equity Share Capital A/c | 1,00,000 | ||
| (Second and Final Call money due on 50,000 shares @ ₹ 2 per share) | |||
| 15 Jan. 2026 | Bank A/c ...Dr. | 99,800 | |
| Calls-in-Arrears A/c ...Dr. | 200 | ||
| To Equity Shares Second and Final Call A/c | 1,00,000 | ||
| (Second and Final Call money received except on 100 shares allotted to Venkat) | |||
Working note:
Second and Final Call due:
50,000 × ₹ 2 = ₹ 1,00,000
Call money not received on 100 shares:
100 × ₹ 2 = ₹ 200
Amount actually received:
₹ 1,00,000 − ₹ 200 = ₹ 99,800
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