Anand Company Limited issued 1,00,000 Preference share of 10 each payable as On. On Application 4 On Allotment 3 On First Call 2 On Second & Final Call 1 Company received application for all these shares and received all money. Pass Journal Entries in the books of Anand Company Ltd


 


Anand Company Limited issued 1,00,000 Preference share of 10 each payable as On  

On Application 4 


On Allotment 3 


On First Call 2 


On Second & Final Call 1 


Company received application for all these shares and received all money. 
 
Pass Journal Entries in the books of Anand Company Ltd. 
 

Solution: 

Journal Entry  
In the Books of Anand Co. Ltd. 

Date 

Particulars 

J.F 

Debit  

Credit 

1. 

Bank A/c Dr. 

  To Preference Share Application A/c 

[Being received application money @ ₹4 share] 

 

4,00,000 

 

4,00,000 

2. 

Preference Share Application A/C Dr. 

To Preference Share Capital A/c 

[Being application money transferred to share capital account] 

 

4,00,000 

 

4,00,000 

3. 

Preference Share Allotment A/c Dr. 

To Preference Share Capital A/c 

[Being allotment money due] 

 

3,00,000 

 

3,00,000 

4. 

Bank A/c Dr. 

To Preference Share Allotment A/c 

[Being allotment money received] 

 

3,00,000 

 

3,00,000 




5. 

Preference Share First Call A/c Dr. 

To Preference Share Capital A/c 

[Being First call money due] 

 

2,00,000 

 

2,00,000 

6. 

Bank A/c Dr. 

To Preference Share Capital A/c 

[Being First call money received] 

 

2,00,000 

 

2,00,000 

7. 

Preference Share Second & Final Call A/c Dr. 

To Preference Share Capital A/c 

[Being Second & Final Call money due] 

 

1,00,000 

 

1,00,000 

8. 

Bank A/c Dr. 

To Preference Share Second & Final Call A/c 

[Being Second & Final Call money received]  

 

1,00,000 

 

1,00,000 




For Explanation mail us we will connect you as soon as possible

Comments

Popular posts from this blog

Sun and Moon are Partners in Partnership Firm sharing Profits and Losses equally. You are required to give effects of Adjustments with the help of following information

CLASS 11th BOOK KEEPING & ACCOUNTANCY

Following is the Trial Balance of Geeta Enterprises. You are required to prepare Trading and Profit & loss Account for the year ended 31st March, 2019 and balance Sheet as on that date after taking into accounts the additional information provided to you.

Virat Kohli - Profile Information

Attribute Details
Name Virat Kohli
Born November 5, 1988 (35 years)
Birth Place Delhi, India
Height 5 ft 9 in (175 cm)
Role Batsman
Batting Style Right Handed Bat
Bowling Style Right-arm medium