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VDO+ Tag:Question 25 Chapter 8 of Class 12 Part – 2 – 2024
21. (Oversubscription/Prorata Allotment) Jaideep applied for 10,000 shares of Rs. 10 each in Simran Company. The amount being payable Rs. 2 on application Rs. 4 on allotment, Rs. 3 on first call and Rs. 1 on final call. He was allotted 8,000 shares. Excess money was retained for allotment . Pass necessary Journal entries.
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Video Tag:The solution of Question 25 Chapter 8 of Class 12 Part – 2 – 2024: –
We are providing a solution of Question 25 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. 25 from the flowing video by using time stamps of the video.
2. Check out the Solution of Question 25 Chapter 8 of Class 12 Part – 2 – 2024 in Article Format:-
| Journal |
|||||
| Date | Particulars |
L.F. | Debit | Credit | |
| a) | Bank A/c (10,000X2) | Dr. | 20,000 | ||
| To Share Application A/c | 20,000 | ||||
| (Being application money received on) | |||||
| b) | Share Application A/c | Dr. | 20,000 | ||
| To Share capital A/c | 16,000 | ||||
| To Share allotment A/c | 4,000 | ||||
| (Being 8,000 shares allotted & excess money refunded ) | |||||
| c) | Share Allotment A/c (8,000 x 4) | Dr. | 32,000 | ||
| To Share capital A/c | 32,000 | ||||
| (Being allotment money due) | |||||
| d) | Bank A/c (32,000 – 4,000) | Dr. | 28,000 | ||
| To Share allotment A/c | 28,000 | ||||
| (Being allotment money received in full) | |||||
| e) | Share first Call A/c | Dr. | 24,000 | ||
| To Share capital A/c | 24,000 | ||||
| (Being final call money due on 22,000 share @ 30 per shares) | |||||
| f) | Bank A/c | Dr. | 24,000 | ||
| To Share First Call A/c | 24,000 | ||||
| (Being of first call money received in full) | |||||
| g) | Share final call A/c | Dr. | 8,000 | ||
| To Share capital A/c | 8,000 | ||||
| (Being final call money due on) | |||||
| h) | Bank A/c | Dr. | 8,000 | ||
| To Share final Call A/c | 8,000 | ||||
| (Being balance of final call money received in full) | |||||
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The solution to all questions of Chapter No. 8 – Company Accounts (Share Capital) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.
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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