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

Question 08 Chapter 8 of +2- Part
Q-8 - CH-8 - Usha +2 Book 2018 - Solution

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Question 08 Chapter 8 of +2-Part-1

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8. (Journal Entries/Cash Book) Star Company issued 80,000 12% preference shares of Rs. 100 each payable Rs. 40 on application; Rs. 20 on allotment and Rs. 40 on final call.
Applications were received for 70,000 shares. The amount was duly received. Prepare journal and cash Book.

The solution of Question 08 Chapter 8 of +2 Part-1: –

Day 169 Solution of Questions 7 and 8 Share Capital Chapter 8 Accounts class 12

Journal
Date  Particulars
L.F.DebitCredit
a)12% Pref. Share Application A/cDr. 28,00,000 
 To 12% Pref. Share capital A/c   28,00,000
 (Being 70,000 shares allotted )    
      
b)12 % Pref. Share Allotment A/cDr. 14,00,000 
 To 12 % Pref. Share capital A/c   14,00,000
 (Being allotment may on 70,000 12%Pref. Share due)    
      
c)12% Pref. Share Final Call A/cDr. 28,00,000 
 To 12% Pref. Share capital A/c   28,00,000
 (Being final call due )    
     

Cash Book (Bank Cloumn only)
Particulars
AmountParticularsAmount
To 12 % Preference Share capital A/c28,00,000By Balance c/d70,00,000
To Preference Share allotment A/c14,00,000  
To Preference Share final call A/c28,00,000  
 70,00,000 70,00,000

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.

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Question 06 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

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

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

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Question 26 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

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

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

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Question 50 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)

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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.

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

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication

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