5. Journal of Modern Chemicals Co. Ltd.
Date
|
Particulars
|
L.F.
|
Debit (Rs.)
|
Credit (Rs. )
|
1
|
Bank A/c ... Dr.
|
325000
| ||
To Equity Share Application A/c
|
325000
| |||
[Being share application money Rs. 5 per share received on 65000 shares]
| ||||
2
|
Equity Share Application A/c .... Dr
|
325000
| ||
To Equity Share Capital A/c
|
300000
| |||
To Bank A/c
|
25000
| |||
[Being application money transferred to share capital and excess appliation monery refunded. ]
| ||||
3
|
Equity Share Allotment A/c ....Dr
|
300000
| ||
To Equity Share Capital A/c
|
300000
| |||
[Being allotment money of Rs. 5 per share due on 60000 shares)
| ||||
4
|
Bank A/c ... Dr.
|
300000
| ||
To Equity Share Allotment A/c
|
300000
| |||
[Being allotment monery received]
| ||||
5
|
Equity Share First Call A/c .... Dr.
|
240000
| ||
To Equity Share Capital A/c
|
240000
| |||
[Being first call monery Rs. 4 per share due on 60000 shares)
| ||||
6.
|
Bank A/c .... Dr.
|
240000
| ||
To Equity Share First Call A/c
|
240000
| |||
[Being first call monery received]
| ||||
7
|
Equity Share second call A/c ... Dr.
|
180000
| ||
To Equity Share Capital A/c
|
180000
| |||
[Being second call money Rs. 3 per share due on 60000 shares]
| ||||
8
|
Bank A/c .... Dr.
|
179700
| ||
Equity Share Second call in Arrears A/c ... Dr.
|
300
| |||
To Equityu share Second call A/c
|
180000
| |||
[Being second call money received on all shares except 100 shares]
|
