Accounting for Shares

Company Accounts Part - I

Pro forma Journal Entries for accounting of issue of shares:

Date	Particulars	LF	Debit	Credit
1.	On receipt of application money:
	Bank  A/c ... Dr.
	To Equity Shares Application A/c
	[Being application money received)
2.	Transfer of application money to share capital:
	Equity Share application A/c .... Dr.
	To Equity Share Capital A/c
	[Being application money transferred to Equity share capital]
3.	Allotment of shares is made:
	Equity Share Allotment A/c .... Dr.
	To Equity Share Capital A/c
	[Being allotment money received]
4.	Amount Due on 1st Call:
	Equity Share First Call A/c ..... Dr.
	To Equity Share Capital A/c
	[Being first call of Rs. ______ per share made)
5.	Receipt of first call money:
	Bank A/c ..... Dr.
	To Equity Share First Call A/c
	[Being first call money received from shareholders]
6.	Receipt of first call money:
	Bank A/c .... Dr.
	To Equity Share First Call A/c
	[Being first call money received from shareholders]
7.	Amount due on Second Call:
	Equity Share Second Call A/c ...... Dr.
	To Equity Share capital A/c
	[Being second call of Rs. ______ per share made]
8.	On Receipt of Second Call Money:
	Bank A/c .... Dr.
	To Equity Share Second Call A/c
	[Being money due on second call received]
9.	Amount due on third and Final call:
	Equity Share Third and Final Call A/c
	To Equity Share Capital A/c
	[Being third and final call of Rs. _____ per share made)
10.	Receipt of Third and Final call money:
	Bank A/c ..... Dr.
	To Equity Share Third and Final Call A/c
	[Being money due on Third and Final Call received from shareholders]