Advertisement

Question 07 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Posted by By Shubham Sharma 5 Min Read July 13, 2024
Question 07 Chapter 8 of +2- Part
Q-7 - CH-8 - Usha +2 Book 2018 - Solution

Advertisement

Question 07 Chapter 8 of +2-Part-1

Advertisement

7. (Both Classes of Shares/Cash Book) Y Ltd. was formed with an authorised capital of Rs. 40,00,000 divided into 3,00,000 equity shares of Rs. 10 each and 10,000 Preference shares of Rs. 100 each. Both classes of shares were issued to the public in full and they are to be paid as follows:

 Equity shares               Preference shares 
Application20 percent25 percent 
Allotment30 percent25 percent 
First call 50 precent25 percent 
Second call  25 percent 

All the calls were made and in due course the money were received in full. Give the necessary journal entries and prepare Cash Book.

The solution of Question 07 Chapter 8 of +2 Part-1: –

Day 169 Solution of Questions 7 and 8 Share Capital Chapter 8 Accounts class 12
Watch this video on YouTube.

Journal
Date  Particulars
L.F.DebitCredit
a)Bank A/cDr. 6,00,000 
 To Equity Share Application A/c   6,00,000
 (Being application money of 3,00,000 equity share transferred to Share cap. A/c)    
      
b)Preference Share Application A/cDr. 2,50,000 
 To Preference Share capital A/c   2,50,000
 (Being application money 10,000 preference share transferred to Share cap. A/c)    
      
c)Equity Share Allotment A/cDr. 9,00,000 
 To Equity Share capital A/c   9,00,000
 (Being allotment money due on 3,00,000 share @ Rs. 3 per share)    
      
d)Preference Share allotment A/cDr. 2,50,000 
 To Preference Share capital A/c   2,50,000
 (Being allotment money due on 10,000 preference share @ 25 as per shares )    
      
e)Equity share first & final Call A/cDr. 15,00,000 
 To Equity Share capital A/c   15,00,000
 (Being call money due on 3,00,000 equity share @ 5 each )    
      
f)Preference Share first call A/cDr. 2,50,000 
 To Preference Share capital A/c   2,50,000
 (Being first call money received on 10,000 share @ 4 as per shares )    
      
g)Preference Share second & final Call A/cDr. 2,50,000 
 To Preference Share capital A/c   2,50,000
 (Being final call money due on 10,000 preference share @ 25 as per shares )    
     

Cash Book (Bank Cloumn only)
Particulars
AmountParticularsAmount
To Equity Share Application A/c6,00,000By Balance c/d40,00,000
To Preference Share capital A/c2,50,000  
To Equity Share Allotment A/c9,00,000  
To Preference Share allotment A/c2,50,000  
To Equity share first & final Call A/c15,00,000  
To Preference Share first call A/c2,50,000  
To Preference Share second & final Call A/c2,50,000  
 40,00,000 40,00,000

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.

Advertisement-X

Question 01 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 02 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 03 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Advertisement-Y

Question 04 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

Question 06 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Advertisement-X

Question 07 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 08 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 09 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 10 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 12 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Advertisement-X

Advertisement-Y

Question 13 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 14 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 15 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 16 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 18 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Advertisement-X

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

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

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

Advertisement-Y

Question 19 C 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 20 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Advertisement-X

Question 21 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 22 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 23 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 24 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 26 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Advertisement-X

Advertisement-Y

Question 46 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 27 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 28 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 29 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 31 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Advertisement-X

Question 32 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 33 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 34 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Advertisement-Y

Question 35 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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

Question 3 Chapter 8 of +2-Part-1 – USHA Publication

Advertisement-X

Question 38 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 39 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 40 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 41 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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

Question 43 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Advertisement-X

Advertisement-Y

Question 44 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 45 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 47 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 48 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

Question 50 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Advertisement-X

Question 51 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 52 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 53 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Advertisement-Y

Thanks for completing the chapter. If you understand the question or we have helped you with your homework, please share our website on your social media. We are delighted to help you out.

Thanks again.

End of Post

Advertisement-X

Download a PDF of Chapter No. 8 – Company Accounts (Share Capital):

If you want to download a PDF of this chapter then you can do it. Check out our PDF file on our Store page.

Download Now From our Store

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)

Advertisement-X

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

Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication

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.

Advertisement-X

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

Accountancy – Part 1 Class 12 – Session 2024-25 – Solution for free

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication

Advanced Accountancy II Part 1 Class 12 – Solution for free

Advertisement

error: Content is protected !!