Question 10 Chapter 8 of +2 Part-1 - USHA Publication 12 Class Part

Question 10 Chapter 8 of +2-Part-1

10. (Issue at Premium/Call in Arrears) Amritsar Fan Company issued 25,000 shares of Rs. 10 each at 20% premium Applications for 20,000 shares were received.
Amount was payable as follows:
On application Rs. 3
On allotment Rs. 6 ( Premium 2)
On first & final call Rs. 3
On 2,000 shares final call was not received.
Pass journal entries and prepare cash book.

The solution of Question 10 Chapter 8 of +2 Part-1: –

Day 170 Solution of Questions 9 and 10 Share Capital Chapter 8 Accounts class 12

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Journal
Date	Particulars		L.F.	Debit	Credit
a)	Share Application A/c	Dr.		60,000
	To Share capital A/c				60,000
	(Being 20,000 shares allotted )

b)	Share Allotment A/c	Dr.		1,20,000
	To Share capital A/c				80,000
	To Security Premium A/c				40,000
	(Being allotment due)

c)	Share First & Final Call A/c	Dr.		60,000
	To Share capital A/c				60,000
	(Being final call due )

d)	Calls in arrears A/c	Dr.		6,000
	To Share First & Final Call A/c				6,000
	(Being call in arrears on 2,000 shares @ 3 on final call)

Cash Book (Bank Cloumn only)
Particulars	Amount	Particulars	Amount
To Share application A/c	60,000	By Balance c/d	2,34,000
To Share allotment A/c	1,20,000
To Share final call A/c	54,000
	2,34,000		2,34,000

End of Solution

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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

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

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Question 13 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

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Question 24 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 46 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

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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

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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

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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

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The solution of Question 10 Chapter 8 of +2 Part-1: –

Check Out the Solution of all questions of this chapter:

Download a PDF of Chapter No. 8 – Company Accounts (Share Capital):

Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

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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