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प्रश्न
Amit holds 100 shares of Rs 10 each on which he has paid Re.1 per share as application money. Bimal holds 200 shares of Rs 10 each on which he has paid Re.1 and Rs 2 per share as application and allotment money, respectively. Chetan holds 300 shares of Rs 10 each and has paid Re.1 on application, Rs 2 on allotment and Rs 3 for the first call. They all fail to pay their arrears and the second call of Rs 2 per share and the directors, therefore, forfeited their shares. The shares are reissued subsequently for Rs 11 per share as fully paid. Journalise the transactions.
उत्तर
|
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|||
|
|
Share Capital A/c (600×8) |
Dr. |
|
4,800 |
|
||
|
|
|
To Share Allotment (100×2) |
|
|
|
200 |
|
|
|
|
To Share First Call A/c (300×3) |
|
|
|
900 |
|
|
|
|
To Share Second Call A/c (600×2) |
|
|
|
1,200 |
|
|
|
|
To Share Forfeiture A/c |
|
|
|
2,500 |
|
|
|
(600 shares @ Rs 10 per share Rs 8 called-up forfeited after making Second Call) |
|
|
|
|||
|
|
Bank A/c |
Dr. |
|
6,600 |
|
||
|
|
|
To Share Capital A/c |
|
|
|
6,000 |
|
|
|
|
To Securities Premium A/c |
|
|
|
600 |
|
|
|
(600 shares @ Rs 10 each for Rs 11 per share fully paid-up reissued) |
|
|
|
|||
|
|
Share Forfeiture A/c |
Dr. |
|
2,500 |
|
||
|
|
|
To Capital Reserve A/c |
|
|
|
2,500 |
|
|
|
(Balance of Share Forfeiture Account transferred to Capital Reserve Account after reissue) |
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|
|
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Working Notes:
|
Share Forfeiture Account credited |
|||||
|
|
Amit |
|
(100×1) |
= |
100 |
|
|
Bimal |
|
(200×3) |
= |
600 |
|
|
Chetan |
|
(300×6) |
= |
1,800 |
|
|
|
|
|
|
2,500 |
APPEARS IN
संबंधित प्रश्न
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On application |
Rs 30 |
|
On allotment |
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|
On first and final call |
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On application |
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|
On allotment |
Rs 50 (including premium) |
|
On first call |
Rs 30 |
|
On final call |
Rs 20 |
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| On Allotment: | ₹ 4 and |
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