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

Question 20 Chapter 8 of +2-Part-1

20. (Oversubscription) Alkins company issued prospectus inviting applications for 22,000 shares of Rs. 100 Applications were received for 25,000 shares. Amount is payable: Rs. 25 on application ; Rs. 45 on allotment and balance on call money.
Pass journal entries:
(i) When application for 3,000 shares are rejected and excess money is refunded.
(ii) When surplus application money is utilized towards allotment

The solution of Question 20 Chapter 8 of +2 Part-1: –

Day 174 Solution of Questions 20 21 and 22 Share Capital Chapter 8 Accounts Part B class 12 PSEB

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Journal
Date	Particulars		L.F.	Debit	Credit
(Case i)a)	Bank A/c (25,000X25)	Dr.		6,25,000
	To Share Application A/c				6,25,000
	(Being application money received on)

b)	Share Application A/c	Dr.		6,25,000
	To Share capital A/c				5,50,000
	To Bank A/c (3,000X25)				75,000
	(Being application money transferred to Share cap. A/c & excess amount refunded )

c)	Share Allotment A/c (22,000X45)	Dr.		9,90,000
	To Share capital A/c				9,90,000
	(Being allotment money due on 22,000 share @ Rs. 45 per shares)

d)	Bank A/c	Dr.		9,90,000
	To Share allotment A/c				9,90,000
	(Being allotment money received in full)

e)	Share first & final Call A/c	Dr.		6,60,000
	To Share capital A/c				6,60,000
	(Being final call money due on 22,000 share @ 30 as per shares)

(Case ii)a)	Entry No. (a) (c) (e) (f) same as above

b)	Share Application A/c	Dr.		6,25,000
	To Share capital A/c (22,000X25)				5,50,000
	To Share Allotement A/c				75,000
	(Being application money transferred to Share cap. A/c & excess amount adjusted towards allotment )

d)	Bank A/c (9,90,000-75,000)	Dr.		9,15,000
	To Share allotment A/c				9,15,000
	(Being allotment money received in full on allotment )

End of Solution

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

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

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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

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

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

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

Question 23 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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

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

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Question 30 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 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

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

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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

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

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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

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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)

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

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