Question

Question
Equity share - 6000
application - 20 +10
allotment - 30
Ist call - 10
Final call – 40
100 +10​

Answer 1

hi mate ✌️ ....

here is your answer......

solution:-

# Bank a/c. Dr. 180000

to share application a/c 180000

( amount receive on 6000 equity shares )

# share application a/c. Dr 180000

to share capital a/c. 120000

to security premium a/c 60000

( amount transferred to share capital )

# share allotment a/c. Dr . 180000

to share capital a/c. 180000

( allotment due)

# bank a/ c. Dr. 180000

to share allotment a/c 180000

( being allotment amount received )

# share first call a/c Dr . 60000

to share capital a/c. 60000

( first call due)

# bank a/c Dr . 60000

to share first call a/c. 60000

( being first call received)

# share second and final call a/c Dr. 240000

to share capital a/c 240000

( share. second and final call due )

# bank a/c Dr. 240000

to share second and final call a/c 240000

( being second and final call received)

☺️☺️☺️may be helpful .......