Page 26 - DCOM201_ACCOUNTING_FOR_COMPANIES_I

Date Particulars L.F.
Jan. Equity Share Application Account Dr. 6,75,000 6,75,000
Unit 1: Share Capital – Issue of Shares
To Equity Share Capital Account
(Being application money transferred to share
capital account)
Feb. Equity Share Allotment Account Dr. 12,15,000 Notes
Discount on Issue of Shares Account Dr. 1,35,000
To Equity Share Capital Account 13,50,000
(Being allotment money due on 2,70,000
shares @ 4.5 each at a discount of 5%)
March Equity Share First and Final Call Account Dr. 6,75,000
To equity Share Capital Account 6,75,000
(Being first and final call money due on
2,70,000 shares @ 2.5 per share)
Share Premium Account Dr. 1,35,000
To Discount on Issue of Shares Account 1,35,000
(Being utilised share premium to write off the
discount on issue of shares)

Cash Book (Bank Column Only)
Dr. Cr.

To Equity Share Application Account 6,75,000 By Balance c/d 25,65,000
To Equity Share Allotment Account 12,15,000
To Equity Share First and Final Call Account 6,75,000
25,65,000 25,65,000
Equity Share Capital Account

To Balance c/d 67,00,000 By Balance b/d 40,00,000
By Equity Share Application Account 6,75,000
By Equity Share Allotment Account 12,15,000
By Discount on Issue of Share Account 1,35,000
By Equity Share First and Final Call Account 6,75,000
67,00,000 67,00,000

Equity Share Application Account

To Equity Share Capital Account 6,75,000 By Bank Account 6,75,000
6,75,000 6,75,000
Equity Share Allotment Account

To Equity Share Capital Account 12,15,000 By Bank Account 12,15,000
12,15,000 12,15,000
Equity Share First and Final Call Account

To Equity Share Capital Account 6,75,000 By Bank Account 1,35,000
6,75,000 1,35,000

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