Question No 17 Chapter 1 – Unimax Class 12 Part 2 – 2021
Table of Contents
X Ltd. invited application of 6,000 equity shares of ₹ 10 each issued at par the whole amount was payable on application. The issue was under subscribed by 1000 shares. Pass the necessary journal entries.
The solution of Question 17 Chapter 1 of +2 Part-2: –
Journal
Books of M/S AB Ltd.
| Date | Particulars |
L.F. | Debit | Credit | |
| Bank A/c | Dr. | 50,000 | |||
| To Share application & allotment A/c | 50,000 | ||||
| (Being the application money received (6,000-1,000=5,000) @ 10 each) | |||||
| Shares application & allotment A/c | Dr. | 50,000 | |||
| To Share capital A/c | 50,000 | ||||
| (Being the application money adjusted) | |||||
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Share Capital: Meaning, Types, and Classes
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
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