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

Question 19 D Chapter 8 of +2- Part
Q-19D - CH-8 - Usha +2 Book 2018 - Solution

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

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19 D. C limited invited applications for 6,000 shares of 100 each payables as follows. On application 30 On allotment 20 On first and last demand 50 All the shares were applied for and allotted. One shareholder holding 200 share paid the whole of the amount due along with allotment. Another shareholder did not pay the allotment money on his 300 share but which he paid with the first and the past last evil. Directors have decided to charge and allow interest, as the case may be, on calls in arrears and call in advance respectively according to the provision of Table F, There is a gap between allotment and call money of two months. Journalise the transactions.

The solution of Question 19D Chapter 8 of +2 Part-1 – USHA: –

Journal
Date  Particulars
L.F.DebitCredit
a)Bank A/cDr. 1,80,000 
 To Share Application A/c   1,80,000
 (Being application money received on)    
      
b)Share Application A/cDr. 1,80,000 
 To Share capital A/c   1,80,000
 (Being application money transferred to Share cap. A/c)    
      
c)Share Allotment A/cDr. 1,20,000 
 To Share capital A/c   1,20,000
 (Being allotment money due on 7,000 share @ Rs.25 each )    
      
d)Bank A/cDr. 1,24,000 
 Calls in arrears (300 X 20)Dr. 6,000 
 To Share allotment A/c   1,40,000
 To Calls in advance A/c   10,000
 (Being allotment money real)    
      
e)Share first & final Call A/cDr. 3,00,000 
 To Share capital A/c   3,00,000
 (Being final call due )    
      
f)Bank A/cDr. 2,96,000 
 Calls in advance A/cDr. 10,000 
 To Share first & final Call A/c   3,00,000
 To call in advance   6,000
 (Being call money received)    
      
g)Interest on Call in advance A/cDr. 200 
 To Bank A/c   200
 (Being amt. paid call in advance )    
      
h)Bank A/cDr. 100 
 To Interest on Call in arrears A/c   100
 (Being amt. received call in advance )    
     

This is all about the Question 19D Chapter 8 of +2 Part-1 – USHA. You can check out the following article to better understand:

Under Subscription and oversubscription of shares

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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

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Question 07 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 21 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 32 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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

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

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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

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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

Check out Part 1 of both books.

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

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2. Advanced Accountancy Part 1 Class 12 by Unimax Publication

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