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

Question 08 Chapter 8 of +2-Part-1

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. Debit Credit
a) 12% Pref. Share Application A/c Dr.   28,00,000  
  To 12% Pref. Share capital A/c       28,00,000
  (Being 70,000 shares allotted )        
           
b) 12 % Pref. Share Allotment A/c Dr.   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/c Dr.   28,00,000  
  To 12% Pref. Share capital A/c       28,00,000
  (Being final call due )        
         

Cash Book (Bank Cloumn only)
Particulars
Amount Particulars Amount
To 12 % Preference Share capital A/c 28,00,000 By Balance c/d 70,00,000
To Preference Share allotment A/c 14,00,000    
To Preference Share final call A/c 28,00,000    
  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.

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

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

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Question 21 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 40 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 51 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

Check out Part 1 of both books.

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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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