Corporate Accounting - Maharshi Dayanand University, Rohtak

18 dEiuh ys[kkadu
Solution:
Anupum Electric Company Ltd.
Journal Entries
Rs. Rs.
Bank Account Dr. 30,000
To Share Application Account 30,000
(Being share application money received on 10,000 shares
@ Rs. 3 per share)
Share Application Account Dr. 30,000
To Share Capital Account 30,000
(Being share application money transferred to Share Capital
Account as per the resolution of Board of Directors dated.......)
Share Allotment Account Dr. 30,000
To Share Capital Account 30,000
(Being share allotment money due on 10,000 shares @ Rs. 3 per share
as per resolution of the Board of Directors dated.........)
Bank Account Dr. 30,000
To Share Allotment Account 30,000
(Being share allotment money received on 10,000 shares
@ Rs. 3 per share)
Share First Call Account Dr. 20,000
To Share Capital Account 20,000
(Being share first call money due on 10,000 shares @ Rs. 2 per share
as per the resolution of Board of Directors dataed......)
Bank Account Dr. 20,000
To Share First Call Account 20,000
(Being share first call money received on 10,000 shares
@ Rs. 2 per share)
Share Second and Final Call Account Dr. 20,000
To Share Capital Account 20,000
(Being share second call money due on 10,000 shares @ Rs. 2 per
share as per the resolution of Board of Directors dated..........)
Bank Account Dr. 20,000
To Share Second and Final Call Account 20,000
(Being share second and final call money recevied on 10,000 shares
@ Rs. 2 per share)