Question

Sarthak Ltd., issued 10,000 equity share of 10rs is to the public application be received from 15000 shares amount was payable as follow: on application 3 Rs allotment 3rs first call 2rs second call 2 rs applicant of 14000 share were made Pro rata allotment and amount of remaining application was different excess application money was utilised to exist towards allotment money all the amount received in the time giving joural entries in the book of company​

Answer 1

Answer:

Bank A/C Dr. 45000

To Share App 45000

Share App A/C Dr. 45000

To Share Cap. 30000

To Bank. 3000

To Share Allot. 12000

Share Allot A/C Dr. 30000

To Share Cap. 30000

Bank A/C Dr. 18000

To Share Allot. 18000

Share I call A/C Dr. 20000

To Share Cap. 20000

Bank A/C Dr. 20000

To Share I Call. 20000

Share II Call A/C Dr. 20000

To Share Cap. 20000

Bank A/C Dr. 20000

To Share II Call 20000