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VDO+ Tag:Question 24 Chapter 8 of Class 12 Part – 2 – 2024
20. (Oversubscription) Alkins company issued prospectus inviting applications for 22,000 shares of Rs. 100 Applications were received for 25,000 shares. Amount is payable: Rs. 25 on application ; Rs. 45 on allotment and balance on call money.
Pass journal entries:
(i) When application for 3,000 shares are rejected and excess money is refunded.
(ii) When surplus application money is utilized towards allotment
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Video Tag:The solution of Question 24 Chapter 8 of Class 12 Part – 2 – 2024: –
We are providing a solution of Question 24 Chapter 8 of Class 12 Part – 2 Usha Publication in two formats. one is in Video format and another is in article format. Check out both formats as follows:
1. Check out the Solution of this question in Video Format:-
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. 24 from the flowing video by using time stamps of the video.
2. Check out the Solution of Question 24 Chapter 8 of Class 12 Part – 2 – 2024 in Article Format:-
| Journal |
|||||
| Date | Particulars |
L.F. | Debit | Credit | |
| (Case i)a) | Bank A/c (25,000X25) | Dr. | 6,25,000 | ||
| To Share Application A/c | 6,25,000 | ||||
| (Being application money received on) | |||||
| b) | Share Application A/c | Dr. | 6,25,000 | ||
| To Share capital A/c | 5,50,000 | ||||
| To Bank A/c (3,000X25) | 75,000 | ||||
| (Being application money transferred to Share cap. A/c & excess amount refunded ) | |||||
| c) | Share Allotment A/c (22,000X45) | Dr. | 9,90,000 | ||
| To Share capital A/c | 9,90,000 | ||||
| (Being allotment money due on 22,000 share @ Rs. 45 per shares) | |||||
| d) | Bank A/c | Dr. | 9,90,000 | ||
| To Share allotment A/c | 9,90,000 | ||||
| (Being allotment money received in full) | |||||
| e) | Share first & final Call A/c | Dr. | 6,60,000 | ||
| To Share capital A/c | 6,60,000 | ||||
| (Being final call money due on 22,000 share @ 30 as per shares) | |||||
| (Case ii)a) | Entry No. (a) (c) (e) (f) same as above | ||||
| b) | Share Application A/c | Dr. | 6,25,000 | ||
| To Share capital A/c (22,000X25) | 5,50,000 | ||||
| To Share Allotement A/c | 75,000 | ||||
| (Being application money transferred to Share cap. A/c & excess amount adjusted towards allotment ) | |||||
| d) | Bank A/c (9,90,000-75,000) | Dr. | 9,15,000 | ||
| To Share allotment A/c | 9,15,000 | ||||
| (Being allotment money received in full on allotment ) | |||||
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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