Question 13 Chapter 8 of +2 Part-1 - USHA Publication 12 Class Part

Question 13 Chapter 8 of +2-Part-1

13. (Issue Share at Par/Premium) X Y Z Co. Ltd. issued 1,00,000 equity shares of 10 at a premium of 2 per share and 10,000 10 % preference shares of 100 each payable as follows :

	Equity shares	Preference share
On application	2	20
On allotment	5(including premium )	30
On first call	3	30
On second call	2	20

All the shares offered were subscribed for by the public and cash duly received.
Pass necessary journal entries to record the above issue of shares.

The solution of Question 13 Chapter 8 of +2 Part-1: –

Day 172 Solution of Questions 13 14 and 15 Share Capital Chapter 8 Accounts Part - B class 12 PSEB

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Journal
Date	Particulars		L.F.	Debit	Credit
a)	Bank A/c	Dr.		4,00,000
	To Equity Share Application A/c				2,00,000
	To 10% Preference Share Application A/c				2,00,000
	(Being receipt of application money of 1,00,000 shares @ 2 per share & 10,000 preference shares @ 20 per share )

b)	Equity Share Application A/c	Dr.		2,00,000
	To Equity Share capital A/c				2,00,000
	(Being transfer of application money to equity share Capital A/c)

c)	10% Preference Share Application A/c	Dr.		2,00,000
	To 10% Preference Share capital A/c				2,00,000
	(Being transfer of application money to Preference share Capital A/c)

d)	Equity Share Allotment A/c	Dr.		5,00,000
	To Equity Share capital A/c				3,00,000
	To Securities Premium A/c				2,00,000
	(Being allotment money due on 1,00,000 equity share @ Rs. 5 per share including Rs. 2 per share premium )

e)	10% Preference Share Allotment A/c	Dr.		3,00,000
	To 10% Preference Share Capital A/c				3,00,000
	(Being allotment money due on 10,000 preference share @ ₹ 30 as per share)

f)	Bank A/c	Dr.		8,00,000
	To Equity Share Allotment A/c				5,00,000
	To Preference Share Allotment A/c				3,00,000
	(Being allotment money received )

g)	Equity share first Call A/c	Dr.		3,00,000
	To Equity Share capital A/c				3,00,000
	(Being first call money due on 1,00,000 share @ Rs. 3 per share )

h)	Preference share first Call A/c	Dr.		3,00,000
	To 10% Preference Share capital A/c				3,00,000
	(Being first call money due on 1,00,000 shares @ Rs. 25 per share )

i)	Bank A/c	Dr.		6,00,000
	To Equity Share First Call A/c				3,00,000
	To Preference Share First Call A/c				3,00,000
	(Being the receipt of first call Amount )

j)	Equity share final Call A/c	Dr.		2,00,000
	To Equity Share capital A/c				2,00,000
	(Being final call money due on 1,00,000 share @ Rs. 3 per share )

k)	10% Preference Share Final Call A/c	Dr.		2,00,000
	To 10% Preference Share Capital A/c				2,00,000
	(Being Final call money made on 10,000 Preference share @ Rs. 20 per share)

l)	Bank A/c	Dr.		4,00,000
	To Equity Share First Call A/c				2,00,000
	To Preference Share First Call A/c				2,00,000
	(Being the receipt of Final call Amount on Equity Share & 10% Preference Share)

End of Solution

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Question 01 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 02 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 03 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 04 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

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Question 06 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 07 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

Question 09 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

Question 14 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

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Question 16 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 17 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

Question 19 Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 19 A Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 19 B Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 19 C Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 19D Chapter 8 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

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

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Question 23 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

Question 25 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 26 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 46 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 27 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 28 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 29 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 30 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

Question 32 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 33 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 34 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 35 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 36 Chapter 8 of +2-Part-1 – USHA Publication

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

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Question 38 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 39 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 40 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

Question 42 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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

Question 44 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 45 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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

Question 50 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 51 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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Question 52 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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

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

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