Page 55 - DCOM201_ACCOUNTING_FOR_COMPANIES_I

Accounting for Companies-I

Notes Journal Entries
Particulars Amount Amount
Bank A/c Dr. 30000 30000
To Share Application A/c
(Share application money received for 15000 shares
@ 2 per share)
Share Application A/c Dr 20000
To Share capital A/c 10000
To Share Allotment A/c. 30000
(Share application money for 10000 shares
transferred to share capital A/c on their allotment 30000
and application money for 500 shares transferred to
share allotment A/c.)
Share Allotment A/c Dr 30000
To Share Capital A/c
(Allotment money due on 10000 Shares @ 3 per 19600
share)
Bank A/c Dr 19600
To Share Allotment A/c
(Allotment money received on 9800 shares)
Share First & Final call A/c Dr 50000 50000
To Share Capital A/c.
(Call money made due on 10000 Shares @ 5 per
share)
Bank A/c Dr 49000 49000
To Share First & Final Call A/c
(Call Money received on 9800 shares @ 5 per share)
Share capital A/c Dr 2000 600
To Share forfeited A/c 400
To Share Allotment A/c 1000
To Share First & Final call A/c
(200 shares forfeited for non payment of allotment &
call money)

Ledger Bank A/c
Dr Cr
Date Particulars JF Amount Date Particulars JF Amount

Share Applicaton A/c 30000 Balance cld 98600
Share Allotment A/c 19600
Share First and Final 49000
all A/c
Balance b/d
98600 98600
98600

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