Question

Meenakshi Ltd. issued 12000 equity share of ₹10 each to general public, payable as₹2 on application, ₹4on allotment and ₹4 on first and final calk. Alk amounts were received as and when due. Pass journal entry in the company's books

Answer 1

Answer:

journal entries in the books of meenakshi Ltd.

bank account...... dr. 24,000

to equity share application account 24,000

equity share application account. dr 24,000

to equity share capital account 24,000

equity share allotment account.... dr 48,000

to equity share capital account 48,000

bank account ....... dr. 48,000

to equity share allotment account 48,000

equity share 1st and final call account... dr 48,000

to equity share capital account 48,000

bank account...... dr. 48,000

to equity share 1st and final call account 48,000