Accountancy, asked by ak0275211, 3 months ago

Bihar Ltd. offers for subscription 50,000,8%prefernce shares of rs 10 each . the amount was payable as follows on application rs 3 per share on allotment rs for per share on first and final call rs 3per share .

Answers

Answered by SHEIKHMOHAMMADKAIF
11

Answer:

BANK ACCOUNT DR 1,50,000

TO SHARE APPLICATION A/C 1,50,000

SHARE APPLICATION AC 1,50,000

TO SHARE CAPITAL ACCOUNT 1,50,000

SHARE ALLOTMENT ACCOUNT 2,00,000

TO SHARE CAPITAL ACCOUNT 2,00,000

BANK ACCOUNTS DR 2LAKH

TO SHARE ALLOTMENTS 2 LAKH

1&FINAL CALL A/C DR 1,50,000

TO SHARE CAPITAL 1,50,000

BANK A/C DR 1,50,000

TO 1&FINAL A/C 1,50,000

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