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

Question 07 Chapter 8 of +2-Part-1

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
Application	20 percent	25 percent
Allotment	30 percent	25 percent
First call	50 precent	25 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

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Journal
Date	Particulars		L.F.	Debit	Credit
a)	Bank A/c	Dr.		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/c	Dr.		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/c	Dr.		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/c	Dr.		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/c	Dr.		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/c	Dr.		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/c	Dr.		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	Amount	Particulars	Amount
To Equity Share Application A/c	6,00,000	By Balance c/d	40,00,000
To Preference Share capital A/c	2,50,000
To Equity Share Allotment A/c	9,00,000
To Preference Share allotment A/c	2,50,000
To Equity share first & final Call A/c	15,00,000
To Preference Share first call A/c	2,50,000
To Preference Share second & final Call A/c	2,50,000
	40,00,000		40,00,000

End of Solution

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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

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

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

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

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

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

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

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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

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

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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

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

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

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

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

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

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

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

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

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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

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

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

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

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Question 53 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)

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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

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

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