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

Q-17 - CH-8 - Usha +2 Book 2018 - Solution

Question 17 Chapter 8 of +2-Part-1

17. (Call in Arrears/Cash Book/Balance Sheet) Delhi Milk Supply Co. issued prospectus for 40,000 shares of Rs. 10 each. Amount is payable Rs. 2 on application ; Rs. 4 on allotment, Rs. 3 on first call and Rs. 1 on second and final call.
Ashok did not pay first call and final call on 2,000 shares. While Anil did not pay final call on his 1,000 shares.
Prepare Journal Cash Book and Balance Sheet.

## The solution of Question 17 Chapter 8 of +2 Part-1: –

Day 173 Solution of Questions 16 17 18 and 19 Share Capital Chapter 8 Accounts Part B class 12 PSEB

 Journal Date Particulars L.F. Debit Credit a) Share Application A/c (40,000X2) Dr. 80,000 To Share capital A/c 80,000 (Being application money transferred to Share cap. A/c) b) Share Allotment A/c (40,000X4) Dr. 1,60,000 To Share capital A/c 1,60,000 (Being allotment money due on 40,000 share @ 4 per shares) c) Share first Call A/c(40,000X3) Dr. 1,20,000 To Share capital A/c 1,20,000 (Being first call money due on 40,000 share @ 3 per shares) d) Calls in arrears A/c Dr. 6,000 To Share first Call A/c 6,000 (Being amount unpaid on first call ) e) Share second & final Call A/c (40,000X1) Dr. 40,000 To Share capital A/c 40,000 (Being final call money due on 40,000 share @ Rs. 1 per shares) f) Calls in arrears A/c Dr. 3,000 To Share final Call A/c 3,000 (Being final call money not received )
 Cash Book Particulars Rs. Particulars Rs. To Share application A/c (40,000X2) 80,000 By Balance c/d 3,91,000 To Share allotment A/c (40,000X4) 1,60,000 To Share first call A/c (38,000X3) 1,14,000 To Share final call A/c (37,000X1) 37,000 3,91,000 3,91,000
 Delhi Milk Supply Co. Ltd. Balance Sheet Particulars Note no. Rs. i) Equity & Liability Shareholders fund Share Capital 1 3,91,000 Total 3,91,000 ii) Assets Current Assets Cash & Cash equivalent 2 3,91,000 Total 3,91,000
 Note Particulars Rs. 1 Share capital Authorized capital Issued capital 40,000 shares of Rs. 10 each 4,00,000 Subscribed capital Subscribed & fully Paid up 37,000 shares of Rs. 10 each 3,70,000 Subscribed & not fully Paid up 3,000 shares of Rs. 10 each 30,000 Less : Calls in Arrears (2,000 X 4) 8,000 (1,000 X 1) 1,000 21,000 Total 3,91,000 2 Cash & Cash equivalent Cash at Bank 3,91,000 Total 3,91,000

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 01 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 13 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 21 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 32 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 38 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 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)

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

## Check out Part 1 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication