Question 02 Chapter 8 of +2-Part-1
2. (Journal Entries) Harry Ltd., issued Rs. 3,00,000 shares of Rs. 10 each, payable as follows:
Rs. 3 on application, Rs. 5 on allotment and Rs. 2 on first and final call All money were duly received.
Pass journal entries.
The solution of Question 02 Chapter 8 of +2 Part-1: –
| Journal |
|||||
| Date | Particulars |
L.F. | Debit | Credit | |
| a) | Bank A/c | Dr. | 9,00,000 | ||
| To Share Application A/c | 9,00,000 | ||||
| (Being application money received ) | |||||
| b) | Share Application A/c | Dr. | 9,00,000 | ||
| To Share capital A/c | 9,00,000 | ||||
| (Being share allotted ) | |||||
| c) | Share Allotment A/c | Dr. | 15,00,000 | ||
| To Share capital A/c | 15,00,000 | ||||
| (Being allotment due ) | |||||
| d) | Bank A/c | Dr. | 15,00,000 | ||
| To Share Allotment A/c | 15,00,000 | ||||
| (Being allotment money received ) | |||||
| e) | Share first & Final Call A/c | Dr. | 6,00,000 | ||
| To Share capital A/c | 6,00,000 | ||||
| (Being final call due ) | |||||
| f) | Bank A/c | Dr. | 6,00,000 | ||
| To Share first & Final Call A/c | 6,00,000 | ||||
| (Being final call received ) | |||||
Also, Check out the solved question of previous Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
