Question 6 Chapter 8 of +2-A
Table of Contents
6. The authorized capital of Rs 16,00,000 of Bharat ltd .is divided into equity shares of Rs 10 each of these shares,80,000 equity shares were issued at par to the public for subscription .the full nominal value is payable on application. All the shares were subscribed by the public and the total amount was paid for.
Pass necessary journal entries in the books of company.
The solution of Question 6 Chapter 8 of +2-A: –
Date | Particulars |
L.F. | Debit | Credit | |
Bank A/c | Dr. | 8,00,000 | |||
To equity share application A/c | 8,00,000 | ||||
(Being the application money received ) | |||||
Equity Share application A/c | Dr | 8,00,000 | |||
To Equity share capital A/c | 8,00,000 | ||||
(Being application money transferred to equity share capital ) |
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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
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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