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

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

By Shubham Sharma 6 Min Read December 20, 2020

Question No.8 - Chapter No.8 - T.S. Grewal +2 Book 2019-Solution-min-min

Question 8 Chapter 8 of +2-A

Table of Contents

The solution of Question 8 Chapter 8 of +2-A: –

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

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

8.Marigold ltd. Was registered with an authorized capital of Rs 3,00,000 divided into 3000 shares of Rs 100 each which were offered to the public. Amount payables as Rs 30 per share on the application, Rs 40 per share on the allotment, and Rs 30 per share on the first call. These shares were fully subscribed and all money was duly received. Prepare journal and cash book.

The solution of Question 8 Chapter 8 of +2-A: –

Date	Particulars		L.F.	Debit	Credit
	Bank A/c	Dr.		90,000
	To equity share application A/c				90,000
	(Being the application money received )
	Equity Share application A/c	Dr		90,000
	To Equity share capital A/c				90,000
	(Being application money transferred to equity share capital )
	Share allotment A/c	Dr		1,20,000
	To Share capital A/c				1,20,000
	(Being the allotment money due )
	Bank A/c			1,20,000
	To Share allotment A/c				1,20,000
	(Being application money transferred to equity share capital )
	Share first call A/c	Dr		90,000
	To Share capital A/c				90,000
	(Being the first call money due )
	Bank A/c	Dr		90,000
	To Share first call A/c				90,000
	(Being first call money received )

Dr.	Cash Book						Cr.
Date	Particulars	L.F.	Amount	Date	Particulars	L.F.	Amount
	To equity share application a/c		90,000
	To equity share allotment a/c		120,000
	To equity share first and final call a/c		90,000
					By Balance C/d		3,00,000
			3,00,000				3,00,000