In the Books of A Ltd. Journal Entries
Date Particulars L.F. Amount
(Dr.)
Amount
(Cr.)
Equity Share Application A/c Dr.
[25,000 eq. sh. X Rs. 50]
To Equity Share Capital A/c
(Being application money transferred to share
capital)
12,50,000
12,50,000
Equity Allotment A/c Dr.
[25,000 eq. sh X 50]
To Equity Share Capital A/c
[25,000 eq. sh. X 25]
To Securities Premium A/c
[25,000 eq. sh. X 25]
(Being allotment made due on 25,000 shares @
50 including premium of ₹ 25 per share)
12,50,000
6,25,000
6,25,000
Calls in arrears A/c Dr.
[150 eq. sh. X 50].
To Equity Share Allotment A/c
[150 eq. sh. X 50]
(Being adjustment of calls in arrears of Mr. A,
holder of 150 shares @ 50 in respect of Share
allotment)
7,500
7,500
Equity Share First & Final Call A/c Dr.
[25,000 eq. sh. X 25]
To Equity Share Capital A/c
(Being First & Final Call money made due @ 25
per share)
6,25,000
6,25,000
Calls in Arrears A/c [150 eq. sh. X 25] Dr.
To Equity Shares Capital A/c
[150 eq. sh. X 25]
(Being adjustment of calls in arrears of Mr. A,
hold- er of 150 shares @ 25 in respect of Share
First & Final Call)
3,750
3,750
Equity Share Capital A/c [150 Eq. Sh. X 100] Dr.
Security Premium A/c [150 Eq. Sh. X 25] Dr.
To Equity Share Forfeiture A/c
[150 Eq. Sh.X 50]
To Calls in arrears A/c
[150 Eq. Sh. X 75]
(Being 150 shares of Mr. A, forfeited on non-
payment of allotment & call money)
15,000
3,750
7,500
11,250
Cash book (Bank column only)
Date Particulars L.F. Amt Date Particulars L.F. Amt
To Equity Shares
Application A/c
(Being application
money received on
29,000 shares @
50 per share)
To Equity Shares
Allotment A/c
(Being allotment
money received on
24,850 shares @
50 per share)
To Equity shares
First & Final Call A/
c
(Being call money
received on 24,850
shares @ 25 per
share)
14,50,000
12,42,500
6,21,250
By Equity Shares
application A/ c
(Being application
money returned
on 4,000 equity
shares @ 50 per
share)
By Balance c/ d
2,00,000
31,13,750
33,13,750 33,13,750