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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 | |||
APPEARS IN
संबंधित प्रश्न
On 1st April, 2012; Vivek Ltd. Was formed with an authorized capital of Rs.1,00,00,000 divided into 2,00,000 equity shares of Rs.50 each. The company issued prospectus inviting applications for 1,80,000 shares. The issue price was payable as under:
On Application: Rs.15
On Allotment: Rs.20
On Call: Balance amount
The issue was fully subscribed and the company allotted shares to all the applicants. The company did not make the call during the year.
Show the following:
a. Share capital in the Balance Sheet of the company as per revised Schedule-VI, Part-I of the Companies Act, 1956.
b. Also prepare 'Notes to Accounts' for the same.
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Answer in one sentence only.
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Answer in one sentence only.
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Answer in one sentence only.
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Answer in one sentence only.
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The difference between Called-up Capital and Paid-up Capital is known as ___________.
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Pass Journal Entries in the books of Rohini Co. Ltd.
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Unnati Ltd. was registered with an authorised capital of ₹ 80,00,000 divided into equity shares of ₹ 10 each. The company issued a prospectus inviting applications for 60,000 equity shares. The company received applications for 58,000 equity shares. All calls were made and were duly received except the second and final call of ₹ 3 per share on 3,000 shares held by Manit. These shares were forfeited.
- Present the share capital in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013.
- Also prepare "Notes to Accounts" for the same.
Shaktimaan Ltd. invited applications for issuing 1,00,000 Shares of ₹ 10 each at a premium of ₹ 2 per share. The amount was payable as ₹ 4 on application (including premium); ₹ 5 on Allotment and balance on call. Applications were received shares for 1,80,000 of which Applications for 30,000 shares were rejected and remaining applicants were allotted on pro-rata basis. Manthan, holding 5,000 shares failed to pay call money and his shares were forfeited. Out of these 2,000 shares were re-issued at premium of ₹ 3 per share. Prepare Cash Book and pass necessary entries.
Subscription received in current year is ₹ 1,20,000. Current year's outstanding subscription is ₹ 20,000 and subscription received in advance is ₹ 10,000. Find out net subscription amount of current year
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Mohini Company Limited issued 25,000 equity shares of ₹ 100 each payable as follows:
On Application ₹ 20
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Pass Journal Entries in the books of Mohini Co. Ltd.
