Question

Z Ltd. was registered with an authorised capital of Rs 60,00,000 divided in

60,000 equity shares of Rs 100 each. Company issued 25,000 equity shares

at a premium of Rs 20 per share, payable as follows Rs 30 on Application; Rs

45 on Allotment (including premium); Rs 20 on first call and Rs 25 on

Second and Final Call.

All shares were subscribed and all the money was duly received. Share issue

expenses amounted to Rs 40,000 which were fully written off against

Securities Premium.

Prepare necessary Journal Entries and Bank Account in the books of the

Company.​

Answer 1

Answer:

Z Ltd. was registered with an authorised capital of Rs. 60,00,000 divided in 60,000 equity shares of Rs. 100 each. Company issued 25,000 equity shares at a premium of Rs. 20 per share, payable as follows : Rs. 30 on Application, Rs. 45 on Allotment (including premium), Rs. 20 on first call and Rs. 25 on Second and Final Call. All shares were subscribed and all the money was duly recived. Share issue expanses amounted to Rs. 40,000 which were fully written off against Securities Premium. Prepare necessary Journal Entries and Bank Account in the books of the Company.

Explanation:

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Answer 2

Answer:

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