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प्रश्न
Rupak Ltd. issued 10,000 shares of Rs 100 each payable Rs 20 per share on application, Rs 30 per share on allotment and balance in two calls of Rs 25 per share. The application and allotment money were duly received. On first call all member pays their dues except one member holding 200 shares, while another member holding 500 shares paid for the balance due in full. Final call was not made. Give journal entries and prepare cash book.
उत्तर
| Journal Entries in the Boooks of Rupak Ltd. |
||||
| Date | Particulars | L.F | Debit Amount (₹) | Credit Amount (₹) |
| (i) | Share Application A/c ...Dr. | 2,00,000 | ||
| To Share Capital A/c | 2,00,000 | |||
| (Being Application money for 10,000 shares transferred to Share Capital Account) | ||||
| (ii) | Share Allotment A/c ...Dr. | 3,00,000 | ||
| To Share Capital A/c | 3,00,000 | |||
| (Being Allotment money due on 10,000 shares @ Rs 30 per share) | ||||
| (iii) | Share First Call A/c ...Dr. | 2,50,000 | ||
| To Share Capital A/c | 2,50,000 | |||
| (Being Share First Call due on 10,000 shares @ Rs 25 per share) | ||||
| (iv) | Bank A/c ...Dr. | 2,57,500 | ||
| Calls in Arrears A/c ...Dr. | 5,000 | |||
| To Share First Call A/c | 2,50,000 | |||
| To Calls in Advance | 12,500 | |||
| (Being Call in arrears on 200 shares @ Rs 25 per share) | ||||
| 10,12,500 | 10,12,500 | |||
| Dr. | Cash Book (Bank Column) | Cr. | |||||
| Date | Particulars | J,F | Amount (₹) | Date | Particulars | J,F | Amount (₹) |
| To Share Application | 2,00,000 | By Balance c/d | 7,57,500 | ||||
| To Share Allotment | 3,00,000 | ||||||
| To Share first call | 2,45,000 | ||||||
| To Calls in Advance | 12,500 | ||||||
| 7,57,500 | 7,57,500 | ||||||
Working Note:
| Money due on First Call for 10,000 shares @ 25 each Less: Calls in Arrear for 200 shares @ Rs 25 per Share Money Received on First Call Add: Calls received in advance on 500 shares @ Rs25 per share |
2,50,000 |
| (5,000) | |
| 2,45,000 | |
| 12,500 | |
| 2,57,500 |
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