निगमीय लेखांकन, अंशों का निर्गमन Chapter 1, Q 1 (Corporate Accounting Dr. S.M. Shukla Q1 Solutions)

निगमीय लेखांकन, अंशों का निर्गमन, Chapter 1, Q1

 (Corporate Accounting Dr. S.M. Shukla Q1 Solutions) 

Corporate Accounting Dr. S.M. Shukla 

1. Ashok company limited Dhanbad was registered with an authorized capital 5,00,000 dividend into 50,000 equity share of rupees 10 each. The company issued 40,000 share of which 30,000 share was subscribed by the public payable ₹ 2 on application, ₹ 3 on allotment, ₹ 3 on first call and the balance of ₹ 2 on second and final call. all the amount were duly received .

Pass the necessary general entries in the books of Ashok company limited and prepare opening balance sheet.

 Journal Entries in the Book of Ashok Company Limited.

1. Application money received.

    Bank A/c —Dr.                     60,000 

      To Equity share application A/c                 60,000

   (Being share application money received)

2. Application money transferred to share capital.

    Equity share capital A/c —Dr.       60,000    

      To share capital A/c                                  60,000

   (Being share application money transferred to share capital A/c)

3. Share allotment money due.

     Equity share allotment A/c —Dr.  90.000

       To share capital A/c                                  90,000

   (Being share allotment money due on 30,000 share)

4. Share allotment money received.

     Bank A/c —Dr                            90,000

       To Equity share allotment A/c                 90,000

   (Being allotment money received)

5. Share first call money due.

     Equity share first call A/c —Dr.    90,000

       To share capital A/c                                  90,000

  (Being share first call money due)

6. Share first call money received.

     Bank A/c —Dr.                             90,000

       To Equity share first call A/c                 90,000

   (Being share first call money received)

7. Share second and final call money due.

    Equity share second and final call A/c —Dr.      60,000

      To share capital A/c                                                       60,000

  (Being share second and final call money due on 30,000 Share)

8. Share second and final call money received.

     Bank A/c —Dr.                                              60,000

       To Equity share second and final call A/c               60,000

 (Being share second and final call money received on share 30,000 Share) 

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