Question 7 Chapter 8 of +2-A
Table of Contents
7. Hema ltd. Invited application for 10,000 shares of Rs 100 each payable as follows:
| On application | Rs 20 |
| On allotment | Rs 30 |
| On first call | Rs 20 |
| On final call | Rs 30 |
The solution of Question 7 Chapter 8 of +2-A: –
| Date | Particulars |
L.F. | Debit | Credit | |
| Bank A/c | Dr. | 2,00,000 | |||
| To equity share application A/c | 2,00,000 | ||||
| (Being the application money received ) | |||||
| Equity Share application A/c | Dr | 2,00,000 | |||
| To Equity share capital A/c | 2,00,000 | ||||
| (Being application money transferred to equity share capital ) | |||||
| Share allotment A/c | Dr | 3,00,000 | |||
| To Share capital A/c | 3,00,000 | ||||
| (Being the allotment money due ) | |||||
| Bank A/c | 3,00,000 | ||||
| To Share allotment A/c | 3,00,000 | ||||
| (Being application money transferred to equity share capital ) | |||||
| Share first call A/c | Dr | 2,00,000 | |||
| To Share capital A/c | 2,00,000 | ||||
| (Being the first call money due ) | |||||
| Bank A/c | Dr | 2,00,000 | |||
| To Share first call A/c | 2,00,000 | ||||
| (Being first call money received ) | |||||
| Share second and final call A/c | 3,00,000 | ||||
| To Share capital A/c | 3,00,000 | ||||
| (Being the second and final call money due ) | |||||
| Bank A/c | 3,00,000 | ||||
| To Share second and final A/c | 3,00,000 | ||||
| (Being second and final money received ) | |||||
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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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