Question 23 Chapter 8 of Class 12 Part – 2 – 2024
19 D. C limited invited applications for 6,000 shares of 100 each payables as follows. On application 30 On allotment 20 On first and last demand 50 All the shares were applied for and allotted. One shareholder holding 200 share paid the whole of the amount due along with allotment. Another shareholder did not pay the allotment money on his 300 share but which he paid with the first and the past last evil. Directors have decided to charge and allow interest, as the case may be, on calls in arrears and call in advance respectively according to the provision of Table F, There is a gap between allotment and call money of two months. Journalise the transactions.
The solution of Question 23 Chapter 8 of Class 12 Part – 2 – 2024: –
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The video consists solution of question numbers from 23 to 25 Chapter no. 8 class 12 of Usha publication. To check the direct solution of question no. 23 from the flowing video by using time stamps of the video.
2. Check out the Solution of Question 23 Chapter 8 of Class 12 Part – 2 – 2024 in Article Format:-
| Journal |
|||||
| Date | Particulars |
L.F. | Debit | Credit | |
| a) | Bank A/c | Dr. | 1,80,000 | ||
| To Share Application A/c | 1,80,000 | ||||
| (Being application money received on) | |||||
| b) | Share Application A/c | Dr. | 1,80,000 | ||
| To Share capital A/c | 1,80,000 | ||||
| (Being application money transferred to Share cap. A/c) | |||||
| c) | Share Allotment A/c | Dr. | 1,20,000 | ||
| To Share capital A/c | 1,20,000 | ||||
| (Being allotment money due on 7,000 share @ Rs.25 each ) | |||||
| d) | Bank A/c | Dr. | 1,24,000 | ||
| Calls in arrears (300 X 20) | Dr. | 6,000 | |||
| To Share allotment A/c | 1,40,000 | ||||
| To Calls in advance A/c | 10,000 | ||||
| (Being allotment money real) | |||||
| e) | Share first & final Call A/c | Dr. | 3,00,000 | ||
| To Share capital A/c | 3,00,000 | ||||
| (Being final call due ) | |||||
| f) | Bank A/c | Dr. | 2,96,000 | ||
| Calls in advance A/c | Dr. | 10,000 | |||
| To Share first & final Call A/c | 3,00,000 | ||||
| To call in advance | 6,000 | ||||
| (Being call money received) | |||||
| g) | Interest on Call in advance A/c | Dr. | 200 | ||
| To Bank A/c | 200 | ||||
| (Being amt. paid call in advance ) | |||||
| h) | Bank A/c | Dr. | 100 | ||
| To Interest on Call in arrears A/c | 100 | ||||
| (Being amt. received call in advance ) | |||||
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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum
Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.
Chapter No. 8 – Company Accounts (Share Capital)
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 – Ratio Analysis
Chapter No. 15 – Cash Flow Statement
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out Part 1 of both books.
In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.
1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
2. Advanced Accountancy Part 1 Class 12 by Unimax Publication