Question 23 Chapter 8 of +2-A – T.S. Grewal 12 Class

Question 23 Chapter 8 of +2-A

23. Ghosh ltd. made the second and final call on its equity share @Rs 2 per share on 1st January 2011. The entries amount was received on 15th January 2011 except on 100 shares allotted to Venkat. Pass necessary journal entries for the call money due and received by opening calls-in-arrears account.
[ Hints: (I) Dr. equity shares second and final call a/c and Cr. equity shares capital a/c by RS1,00,000
(ii) Dr. bank a/c by Rs99,800 and calls in arrear a/c by 200; Cr equity shares second and final call a/c 1,00,000.]

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Also, Check out the solved question of previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

• Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
• Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
• Chapter No. 3 – Goodwill: Nature and Valuation
• Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
• Chapter No. 5 – Admission of a Partner
• Chapter No. 6 – Retirement/Death of a Partner
• Chapter No. 7 – Dissolution of a Partnership Firm

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 8 – Company Accounts –  Accounting for Share Capital
• Chapter No. 9 – Company Accounts – Issue of Debentures
• Chapter No. 10 – Redemption of Debentures

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 1 – Financial Statements of a Company
• Chapter No. 2 – Financial Statement Analysis 
• Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
• Chapter No. 4 – Accounting Ratios
• Chapter No. 5 – Cash Flow Statement

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