Accountancy, asked by Agent3282, 11 months ago

1. A Company issued 10,000 equity shares of the face value of 10 each at a premium of 10% payableas to 3 on application; 4 on allotment (including premium of 1 per share), * 2 on first call and32 on final call. All the shares were subscribed and duly allotted and both the calls were made. Aucash was duly received except that a shareholder of 200 shares failed to pay the final call and anothershareholder holding 300 shares had paid the entire future calls in advance on his holding of 300shares with allotment money,Journalise the above transactions.​

Answers

Answered by riyasahay6666
1

Explanation:

Bank A/c Dr. 30000

(10000×3) To Share Application A/c 30000

Share Application A/c Dr. 30000

To Share Capital A/c 30000

Share Allotment A/c Dr. 40000

(10000×3) To Share Capital A/c 30000

(10000×1) To Security PremiumReserveA/c10000

BankA/c Dr. 41200

To Share Allotment A/c 40000

(300×4) To Calls in Advance A/c 1200

Share First Call A/c Dr. 20000

(10000×2) To Share Capital A/c 20000

Bank A/c Dr. 20000

(9700×2) To Share First Call A/c 19400

(300×2) To Calls in Advance A/c 600

Share Final Call A/c Dr. 20000

(10000×2) To Share Capital A/c 20000

Bank A/c Dr. 20000

(9500×2) To Share Final Call A/c 19000

(200× 2) To Calls in Arrears A/c 400

(300×2) To Calls in Advance A/c 600

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