pls answer the questionn immediately
|
Books of ujjain Company Limited |
|||||||
|---|---|---|---|---|---|---|---|
|
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|||
|
|
Bank A/c |
Dr. |
|
48,000 |
|
||
|
|
|
To Share Application A/c |
|
|
48,000 |
||
|
|
(Share Application money received for 24,000 shares @ Rs 2 per share) |
|
|
|
|||
|
|
|
|
|
|
|||
|
|
Share Application A/c |
Dr. |
|
48,000 |
|
||
|
|
|
To Share Capital A/c |
|
|
40,000 |
||
|
|
|
To Bank A/c |
|
|
8,000 |
||
|
|
(Share Application @ Rs 2 per share for 20,000 shares transferred to Share Capital and remaining for 4,000 shares rejected) |
|
|
|
|||
|
|
|
|
|
|
|||
|
|
Share Allotment A/c |
Dr. |
|
60,000 |
|
||
|
|
|
To Share Capital A/c |
|
|
60,000 |
||
|
|
(Share Allotment money due @ Rs 3 per share on 20,000 shares ) |
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
Bank A/c |
Dr. |
|
60,000 |
|
||
|
|
|
To Share Allotment A/c |
|
|
|
60,000 |
|
|
|
(Share Allotment money received for 20,000 shares @ Rs 3 per share) |
|
|
|
|||
|
|
|
|
|
|
|||
|
|
Share First Call A/c |
Dr. |
|
50,000 |
|
||
|
|
|
To Share Capital A/c |
|
|
50,000 |
||
|
|
(Share First Call money due on 20,000 Shares @ Rs 2.5 per share) |
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
Bank A/c |
Dr. |
|
50,000 |
|
||
|
|
|
To Share First Call A/c |
|
|
50,000 |
||
|
|
(Share First Call money received for 20,000 shares @ Rs 2.5 per share) |
|
|
|
|
||
|
|
|
|
|
|
|
||
|
|
Share Final Call A/c |
Dr. |
|
50000 |
|
||
|
|
|
To Share Capital A/c |
|
|
|
50,000 |
|
|
|
(Share Final Call money due on 20,000 Shares @ Rs 2.5 per share) |
|
|
|
|
||
|
|
|
|
|
|
|
||
|
|
Bank A/c |
Dr. |
|
48,500 |
|
||
|
|
Calls in Arrears A/c |
Dr. |
|
1,500 |
|
||
|
|
|
To Share Final Call A/c |
|
|
50,000 |
||
|
|
(Share Final Call money received for 19,400 shares @ Rs 2.5 per share except 600 shares) |
|
|
|
|||
|
|
|
|
|
|
|
||
|
|
Share Capital A/c |
Dr. |
|
6,000 |
|
||
|
|
|
To Calls in Arrears A/c |
|
|
|
1,500 |
|
|
|
|
To Share Forfeiture A/c |
|
|
|
4,500 |
|
|
|
(600 Shares forfeited @ Rs 10 each for the non-payment of Share Final Call @ Rs 2.5 per share) |
|
|
|
|||
|
|
|
|
|
|
|
||
|
|
Bank A/c |
Dr. |
|
3,600 |
|
||
|
|
Share Forfeiture A/c |
Dr. |
|
400 |
|
||
|
|
|
To Share Capital A/c |
|
|
|
4,000 |
|
|
|
(400 shares @ Rs 10 each for Rs 9 per share reissued) |
|
|
|
|
||
|
|
|
|
|
|
|
||
|
|
Share Forfeiture Account |
Dr. |
|
2,600 |
|
||
|
|
|
To Capital Reserve A/c |
|
|
|
2,600 |
|
|
|
(After reissue balance of 400 shares in Forfeiture Account transferred to Capital Reserve Account) |
|
|
|
|||
|
|
|
|
|
|
|
||
Working Note:
|
Share Forfeiture Account credited |
Rs 7.5 per share |
|---|---|
|
Less: Share Forfeiture Account debited |
Rs1 per share |
|
Amount transferred to Capital Reserve Account, after adjustment |
Rs 6.5 per share |
Amount of 400 shares transferred to Capital Reserve Account, after reissue = 400 Shares @ Rs 6.5 per share = Rs 2,600
Regards