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: –
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
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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
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
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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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