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प्रश्न
Premio Ltd. issued 50,000 Equity Shares of ₹ 100 each at a premium of ₹ 50 per share, payable as follows:
₹ 100 per share on Application; and Balance on Allotment.
The issue was subscribed and shares were issued to the applicants. Pass the necessary Journal entries.
रोजकीर्द नोंद
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उत्तर
| Journal Entries | ||||
|---|---|---|---|---|
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
| 1. | Bank A/c Dr. | 50,00,000 | ||
| To Shares Application A/c | 50,00,000 | |||
| (Application money received on 50,000 shares @ ₹100 per share) | ||||
| 2. | Shares Application A/c Dr. | 50,00,000 | ||
| To Share Capital A/c | 50,00,000 | |||
| (Application money transferred to Share Capital) | ||||
| 3. | Shares Allotment A/c Dr. | 25,00,000 | ||
| To Securities Premium A/c | 25,00,000 | |||
| (Securities Premium due on 50,000 shares @ ₹50 per share) | ||||
| 4. | Bank A/c Dr. | 25,00,000 | ||
| To Shares Allotment A/c | 25,00,000 | |||
| (Allotment money received) | ||||
Working Note:
Application Money:
50,000 × ₹ 100 = ₹ 50,00,000
Premium/Allotment Money:
50,000 × ₹ 50 = ₹ 25,00,000
Total amount received:
₹ 50,00,000 + ₹ 25,00,000 = ₹ 75,00,000
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