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प्रश्न
Deepak Manufacturing co. Ltd. issued a prospectus inviting applications for 1,00,000 equity shares of ₹ 10 each payable as follows
₹ 2 on Application
₹ 4 on Allotment
₹ 2 on first call
₹ 2 on final call
Application were received for 1,20,000 equity shares. The Directors decided to reject excess applications and refunded application money on that. Company received all money.
Pass Journal Entries in the books of a company.
उत्तर
| Journal Entries in the books of Deepak Manufacturing Co. Ltd. | ||||
| Date | Particulars | L.F | Debit Amount (₹) | Credit Amount (₹) |
| 1 | Bank A/c Dr. | 2,40,000 | ||
| To Equity Share Application A/c | 2,40,000 | |||
| ( Being equity share application money on 1,20,000 shares @ ₹ 2 per share received) | ||||
| 2 | Equity Share Application A/c Dr. | 2,00,000 | ||
| To Equity Share Capital A/c | 2,00,000 | |||
| ( Being application money on 1,00,000 shares transferred to equity share capital account) | ||||
| 3 | Equity share Application A/c Dr. | 40,000 | ||
| To Bank A/c | 40,000 | |||
| ( Being application money on excess 20,000 shares @ ₹2 per share refunded) | ||||
| 4 | Equity Share Allotment A/c Dr | 4,00,000 | ||
| To Equity Share Capital A/c | 4,00,000 | |||
| ( Being equity share allotment money on 1,00,000 shares @ ₹4 per share due) | ||||
| 5 | Bank A/c Dr. | 4,00,000 | ||
| To Equity Share Allotment A/c | 4,00,000 | |||
| ( Being allotment money on 1,00,000 shares @ ₹4 per share received) | ||||
| 6 | Equity Share First Call A/c Dr. | 2,00,000 | ||
| To Equity Share Capital A/c | 2,00,000 | |||
| ( Being equity share first call money on 1,00,000 shares @ ₹2 per share due) | ||||
| 7 | Bank A/c Dr. | 2,00,000 | ||
| To Equity Share First Call A/c | 2,00,000 | |||
| ( Being equity first call money on 1,00,000 shares @ ₹2 per share received) | ||||
| 8 | Equity Share Final Call A/c Dr. | 2,00,000 | ||
| To Equity Share Capital A/c | 2,00,000 | |||
| ( Being equity share final call money on 1,00,000 shares @ ₹2 per share due) | ||||
| 9 | Bank A/c Dr. | 2,00,000 | ||
| To Equity Share Final Call A/c | 2,00,000 | |||
| ( Being equity share final call money on 1,00,000 shares @ ₹ 2 per share received) | ||||
| 2080000 | 2080000 | |||
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