Corporate Accounting - Maharshi Dayanand University, Rohtak

72 dEiuh ys[kkadu
izkIr èkujkf'k dks igys vkcaVu rFkk ;kpuk jkf'k ¼vkosnu i=k vko';d èkujkf'k dks iwjk djus ds mijkUr½
esa iz;ksx fd;k x;k rFkk ;fn dksbZ 'ks"k gS rks mls okil dj fn;k x;kA
mi;qZDr ysu&nsu dks jksdM+ cgh rFkk [kkrk cgh esa fn[kkb,A
Ans. : Bank Balance Rs. 1,00,000
Hint : Amount Received on App. Rs. 1,33,575, (43525 × Rs. 3) + Rs. 3000 = 1,36,575
Q. 1l. On 1st Febuary 1994, the directors of Rama Limited issued 50,000 equity shares of Rs. 10 each at 12 per
share, payable as to Rs. 5 on application, Rs. 4 on allotment and the balance on 1st May 1994.
The lists were closed on 10th February 1994 by which date applications for 70,000 shares had been
received of the cash received Rs. 40,000 was returned and Rs. 60,000 was applied to the amount due on
allotment, the balance which was paid on 16th February 1994. All shareholders paid the call due on 1st May
1994 with the exception of one allottee of 500 shares. These shares were forfeited on 28th Sept. 1994 and
reissued at Rs. 8 per share on Nov. 1, 1994.
Journalise these transactions.
1. Qjojh 1994 dks jkek dEiuh ds lapkydksa us 10 #- okys 50,000 lerk va'k] 12 #- izfr va'k ds fglkc ls
fuxZfer fd, ftlessa 5 #- izkFkZuk&i=k ij 4 #- vkcaVu ij rFkk 'ks"k 1 ebZ 1994 dks ns; FkkA
10 Qjojh 1994 dks lwfp;k¡ can gqb± rc rd 70,000 va'kksa ds fy, izkFkZuk&i=k izkIr gks pqds FksA izkIr udnh
esa ls 40,000 #- okil dj fn, x, vkSj 60,000 #- dks vkcaVu eas iz;ksx fd;k x;kA vkcaVu dh 'ks"k jkf'k
16 Qjojh 1994 dks izkIr gks xbZA lHkh va'kèkkfj;ksa us ns; ;kpukvksa dk Hkqxrku 1 ebZ 1994 dks dj fn;k] flok;
,d vkcafVr lnL; ds ftldks 500 va'k vkcafVr gq, FksA ;s va'k 29 fnlEcj] 1994 dks gj.k dj fy, x, vkSj
1 uoEcj] 1994 dks 8 #- izfr va'k ij ¼iw.kZnÙk½ iqu% fuxZfer fd, x,A
bu ysu&nsuksa dh tuZy izfof"V;ka dhft,A
Ans. : Capital Reserve Rs. 2,500; Share Premium Rs. 1,00,000
Q. 12. Nath Pulp Ltd. issued a prospectus for the issue of 60,000 equity shares of Rs. 10 each at a premium of
Rs. 2.00 per share under the terms of the issue, the shares were to be paid for a follows :
1992 January 1, on application (including premium) Rs. 5.00
February 1, on allotment
Rs.5.00
March 1, on First and Final call Rs. 2.00
The issue was over subscribed. The applications received and allotment made are summared be bellow :
Categories
No. of applications 40 20 1
Shares applied for by each applicant 1,000 10,000 50,000
Shares Issued to each applicant 500 1,000 20,000
It was decided that amounts over paid on application were to be retained by the company and used in
reduction of further sums due on shares alloted. All surplus contribution were refunded on 15th
Februrary 1992. S who had subscribed Rs. 5,000 on an application for 1,000 share was unable to meet
the claim due on March, 1. The directors forfeited his shares on April 1, 1992. All other shareholders paid
the sums on the due dates. The directors re-issued the forfeited shares as fully paid to T on May 1, 1992.
receiving a payment of Rs. 5,250. Pass necessary journal entries to record the above transation in the
books of the company.