Question 09 Chapter 8 of +2-Part-1
9. (Under subscription) A limited company issued 10,000 shares of 100 each payable asunder:
Rs. 20 on application
Rs. 30 on allotment
Rs. 50 on final call.
The public applied for 9,000 shares which were allotted. All the money due on shares were received. Pass journal entries in the books of the company and prepare Cash Book and Balance Sheet.
The solution of Question 09 Chapter 8 of +2 Part-1: –
Journal |
|||||
Date | Particulars |
L.F. | Debit | Credit | |
a) | Share Application A/c | Dr. | 1,80,000 | ||
To Share capital A/c | 1,80,000 | ||||
(Being application money of 9,000 shares transferred to share cap. A/c ) | |||||
b) | Share Allotment A/c | Dr. | 2,70,000 | ||
To Share capital A/c | 2,70,000 | ||||
(Being allotment due on 9,000 shares @ 30 per share ) | |||||
c) | Share Final Call A/c | Dr. | 4,50,000 | ||
To Share capital A/c | 4,50,000 | ||||
(Being final call due ) | |||||
Cash Book (Bank Cloumn only) |
|||
Particulars |
Amount | Particulars | Amount |
To Share application A/c | 1,80,000 | By Balance c/d | 9,00,000 |
To Share allotment A/c | 2,70,000 | ||
To Share final call A/c | 4,50,000 | ||
9,00,000 | 9,00,000 |
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
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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