Question 47 Chapter 8 of +2-Part-1 - USHA Publication 12 Class Part

Question 47 Chapter 8 of +2-Part-1

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The solution of Question 47 Chapter 8 of +2 Part-1: –

47. (Prorata Allotment/Forfeiture/Reissue) TCS Ltd. offered at par 10,000 shares of RS. 10 each for public subscription payable as follows:
on application Rs. 3
on allotment Rs. 2
on first call Rs. 3
on final call Rs. 2
Public applied for 13,000 shares. Allotment was made prorata to the applicants of 12,000shares, application money on 1,000 shares being refunded. All the shareholders paid the amount due on allotment except Rakesh, the allotted of 200 shares. His shares were forfeited. First call was then made. Forfeited shares were re-issued @ Rs. 9 per share treated as Rs. 8 per share called up.
You are required to show entries in t he cash book and Journal.

The solution of Question 47 Chapter 8 of +2 Part-1: –

Day 181 Solution of Questions 47 & 48 Share Capital Chapter 8 Accounts Part B class 12 PSEB

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Journal

Date	Particulars		L.F.	Debit	Credit
A)	Share Application A/c	Dr.		36,000
	To Share capital A/c				30,000
	To Share allotment A/c				6,000
	(Being allotment made )

B)	Share allotment A/c	Dr.		20,000
	To Share capital A/c				20,000
	(Being amount due on allotment )

C)	Calls in arrears A/c	Dr.		280
	To Share allotment A/c				280
	(Being amount not received on allotment)

D)	Share capital A/c	Dr.		1,000
	To Share Forfeited A/c				720
	To Calls in Arrears A/c				280
	(Being 200 shares fortified)

E)	Share first Call A/c	Dr.		29,400
	To Share capital A/c				29,400
	(Being amount due on first call)

F)	Share Fortified A/c	Dr.		720
	To Capital Reserve A/c				720
	(Being balance in share fortified transferred to capital reserve)

Cash Book (Bank Column Only)

Particulars	Rs.	Particulars	Rs.
To Share Application A/c	39,000	By Share Application A/c	3,000
To Share Allotment A/c	13,720	By Balance c/d	80,320
To Share First call A/c	29,400
To Share Capital A/c	1,600
To Secruity premium reserve A/c	200
	83,920		83,920

Working Notes :

Amount not received on allotment

Due from Rakesh 200 X 2		400
Less : Already received
(240 X 3) – (200X3)		120
Calls in arrears		280

Total amount due		20,000
Less : Excess Received on application	6,000
Less : not received	280	6,280
		13,720

It all about Question 47 Chapter 8 of +2-Part-1, If you have any problem please comment below.

Forfeiture of shares – Its accounting Entries

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

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

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

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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

Question 14 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

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

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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

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

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Question 30 Chapter 8 of +2-Part-1 – USHA Publication 12 Class Part – 1

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

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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

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

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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

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

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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

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Chapter No. 8 – Company Accounts (Share Capital)

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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

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