Question

A limited issue 4000 equity share of ₹10 each .the amount of these share was payable as ₹2on application ₹3 allotment

Answer 1

Answer:

A.T.Q.

Rs.2 + Rs.3

Rs.5

Rs.4000 * 5

Rs.20000

Answer 2

Answer:

bank a/c. Dr. 8000 /

to equity share application /. 8000

( for equity share application money res.)

share application a/c Dr 8000 /

to equity share capital. / 8000

( for equity share application money due )

equity share allotment a/c. Dr 12000 /

to share capital. /. 12000

( for equity share allotment money due )

bank a/c. Dr 12000 /

to equity share allotment /. 12000

(for equity share allotment money res. )

Explanation:

4,000 equity share @10 each

application. allotment

2. 3