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प्रश्न
Alankrit Ltd. offered for public 10,000 equity shares of ₹ 10 each at a premium of ₹ 12/- per share payable as under:
- On Application - ₹ 4
- On Allotment - ₹ 4 (including premium)
- On First & Final Call- Balance Amount
Company received all the money. The issue was fully subscribed. Give Journal Entries to record above transactions and also show in balance sheet.
उत्तर
| In the books of Alankrit Ltd. |
||||
| Date | Particular | L.F. | Amount Dr. (₹) |
Amount Cr. (₹) |
|
1 |
Bank A/c ...Dr. | 40,000 | - | |
| To Equity Share Application A/c | - | 40,000 | ||
| (Being Application money on 10,000 Equity Shares @ ₹ 4 per Share received) | ||||
| 2 | Equity Share Application ...Dr. | 40,000 | - | |
| To Equity Share Capital A/c | - | 40,000 | ||
| (Being Application money on 10,000 Equity Shares @ ₹ 4 per share transferred to Preference Share Capital) | ||||
| 3 | Equity Share Allotment A/c ...Dr. | 40,000 | - | |
| To Equity Share Capital A/c | - | 20,000 | ||
| To Share Premium A/c | - | 20,000 | ||
| (Being Allotment money on 10,000 equity shares @ ₹ 4 per Share due) | ||||
| 4 | Bank A/c ...Dr. | 40,000 | - | |
| To Equity Share Allotment A/c | - | 40,000 | ||
| (Being Allotment money on 10,000 equity shares @ ₹ 4 per Share received) | ||||
| 5 | Equity Share First & Final Call A/c ...Dr. | 40,000 | - | |
| To Equity Share Capital A/c | - | 40,000 | ||
| (Being Equity Share first & Final Call money on 10,000 Equity shares @ ₹ 4 per share due) | ||||
| 6 | Bank A/c ...Dr. | 40,000 | - | |
| To Equity Share First & Final Call A/c | - | 40,000 | ||
| (Being Equity Share First & Final Call money on 10,000 equity Shares @ ₹ 4 per share received) | ||||
| Balance Sheet of Alankrit Ltd. | |||
| Liabilities | Amount (₹) | Assets | Amount (₹) |
| Share Capital 10,000 Equity Share of ₹ 10 each |
1,00,000 | Bank | 1,20,000 |
| Share Premium | 20,000 | ||
| 1,20,000 | 1,20,000 | ||
APPEARS IN
संबंधित प्रश्न
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On application and allotment - Rs 3 per share
On 1st call - Rs 2 per share
On 2nd and final call - Rs 5 per share
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