Question

. Himalaya Ltd. was registered with a nominal capital of * 10,00,000 in shares of 10 each, 90,000 of
which were issued payable as: * 1 on application, 2 on allotment, * 3 on first call and the balance
on final call. All the shares were applied for and allotted and all the cash was received on the due
dates except that one shareholder holding 1,000 shares failed to pay the allotment money and another
shareholder holding 2,000 shares paid the first and the final call together with the allotment money
You are required to journalise the above transactions in the books of the company.
give full mathametical solution
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Answer 1

Answer:

bank a/c (90,000x1)              dr        90,000

   to appl                                                          90,000

(                              )

appl a/c                                   dr     90,000

 to share capital                                            90,000

(                               )

allot a/c                                    dr   180,000

 to share capital                                            180,000

(                              )

bank a/c                                  dr 184,000

call in arrear                           dr  2000

 to share allot                                              180,000

 to call in adv                                                6000

(                             )