Q. 5. Issue of Equity Shares Solution:
Journal of Aniket Ltd.
Date
|
Particulars
|
L.F.
|
Debit
(Rs.)
|
Credit
(Rs. )
|
(1)
|
Bank A/c ..... Dr.
|
10,00,000
| ||
To Equity Share Application A/c
|
10,00,000
| |||
[Being application money received on 50000 shares @ Rs. 20]
| ||||
(2)
|
Equity share Application A/c ..... Dr.
|
10,00,000
| ||
To Equity Share Capital A/c
|
8,00,000
| |||
To Equity Share Allotment A/c
|
2,00,000
| |||
[Being share application money transferred to share capital A/c and excess amount adjusted top allotment money]
| ||||
(3)
|
Equity Share Allotment A/c ...... Dr.
|
12,00,000
| ||
To Equity share Capital A/c
|
12,00,000
| |||
[Being Share allotment money due on 40,000 shares @ Rs. 30]
| ||||
(4)
|
Bank A/c ... Dr.
|
10,00,000
| ||
To Equity Share Allotment A/c
|
10,00,000
| |||
[Being share allotment money received]
| ||||
(5)
|
Equity Share First Call A/c .... Dr.
|
12,00,000
| ||
To Equity Share Capital A/c
|
12,00,000
| |||
[Being share first call amount due on 40,000 shares @ Rs. 30]
| ||||
(6)
|
Bank A/c ... Dr.
|
11,70,000
| ||
To Equity Share First Call A/c
|
11,70,000
| |||
[Being share first call amount received on 39,000 shares]
| ||||
(7)
|
Equity Share Second Call A/c .... Dr.
|
8,00,000
| ||
To Equity Share Capital A/c
|
8,00,000
| |||
[Being share second call amount due on 40,000 shares @ Rs. 20]
| ||||
(8)
|
Bank A/c ..... Dr.
|
7,80,000
| ||
To Equity Share Second Call A/c
|
7,80,000
| |||
[Being share second call amount received on 39,000 shares]
| ||||
(9)
|
Equity Share Capital A/c ...... Dr.
|
1,00,000
| ||
To Equity share First Call A/c
|
30,000
| |||
To Equity Share Second Call A/c
|
20,000
| |||
To Equity Share Forfeiture A/c
|
50000
| |||
[Being 1000 share forfeited on account of non - payment of first and second call]
| ||||
