Question

give the necessary journal entries
in the book of Ravi fan ltd.

Answer 1

1. Bank a/c Dr 180000
to share application a/c 180000

2. share application a/c Dr 180000
to share capital a/c 150000
to share allotment a/c 15000
to bank a/c 15000

3. share allotment a/c Dr 200000
to share capital a/c 200000

4. Bank a/c Dr 185000
to share allotment a/c 185000

5. share 1st &final call a/c Dr 150000
to share capital a/c 150000

6. Bank a/c Dr 150000
to share 1st & final call a/c 150000