# Question 05 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Q-5 - CH-8 - Usha +2 Book 2018 - Solution

Question 05 Chapter 8 of +2-Part-1

5. (Issue of Pref. Shares) EX company invited applications for 4,000 10% preference shares of Rs. 10 each. It demanded 20% of face value on application and 50% of balance on allotment and the remaining on final call. Applications were received for equal number of shares. Pass journal entries.

## The solution of Question 05 Chapter 8 of +2 Part-1: –

Day 168 Solution of Questions 4 5 and 6 Share Capital Chapter 8 Accounts class 12

Face value of share = 10
Application Money = 20 % of Rs. 10 = Rs. 2
Allotment Money = 50 % of Rs. 8 = Rs. 4
Balance of 40% = Rs. 4

 Journal Date Particulars L.F. Debit Credit a) Bank A/c Dr. 8,000 To Share Application A/c 8,000 (Being application money received on 4000shares @ 2 each ) b) 10% Pref. Share Application A/c Dr. 8,000 To Pref. Share capital A/c 8,000 (Being application money transferred to Share cap. A/c) c) 10 % Pref. Share Allotment A/c Dr. 16,000 To Pref. Share capital A/c 16,000 (Being allotment money due on 4,000 shares @ 4 as per share ) d) Bank A/c Dr. 16,000 To 10 % Pref. Share cap. A/c 16,000 (Being allotment money received ) e) 10 % Pref. Share final Call A/c Dr. 16,000 To Pref. Share capital A/c 16,000 (Being call money on 4,000 shares @ 4 as per share ) f) Bank A/c Dr. 16,000 To 10 % Pref. Share final Call A/c 16,000 (Being final call received )

End of Solution

## Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 8 – Company Accounts (Share Capital) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 05 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 11 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 17 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 19D Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 25 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 30 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 36 Chapter 8 of +2-Part-1 – USHA Publication

Question 42 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 49 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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## Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

## Check out Part 1 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication