In the Books of P Ltd.
Journal Entries
Date Particulars L.F. Amount
(Dr.)
Amount
(Cr.)
[800000 X 3] Bank A/ c Dr.
To Share Application A/ c
(Being share application money received @ 3
per share on 800000 share)
24,00,000
24,00,000
Share Application A/ c Dr.
[600000 X 3] To Share Capital A/c
To Share Allotment A/ c
(Being application money transferred to share
capital and excess money to share allotment)
24,00,000
18,00,000
6,00,000
(600000 X [3+2]) Share Allotment A/c Dr.
[600000 X 3] To Share Capital A/c
[600000 X 2] To Security Premium A/ c
(Being allotment money made due)
30,00,000
18,00,000
12,00,000
[3000000 - 600000] Bank A/ c Dr.
To Share Allotment A/ c
(Being share allotment money received)
24,00,000
24,00,000
[600000 x 2] Share Ist Call A/c Dr.
To Shares Capital A/ c
(Being Ist call money made due @ 2 per share
on 600000 shares)
12,00,000
12,00,000
[598400 X 2] Bank A/c Dr.
To Share 1st call A/c
(Being Ist call money received on 5,98,400
shares @ 2 per share)
11,96,800
11,96,800
Share IInd & Final Call A/ c Dr.
To Share Capital A/ c
(Being share call money made due @ 2 per
share on 600000 shares)
12,00,000
12,00,000
Bank A/c Dr.
To Share IInd & Final Call A/ c
11,96,800
11,96,800
(Being IInd call money received on 598400
shares @ 2 per share )
[1600 X 10] Share Capital A/c Dr.
[ 1600 X 6] To Share forfeiture A/ c
[1600 X 2] To Share Ist Call A/ c
[1600 X 2] To Share II & Final Call A/c
(Being 1600 shares of Harish forfeited on non-
payment of Ist & IInd call money)
16,000
9,600
3,200
3,200
Bank Account
Particulars Amount Particulars Amount
To Shares Application A/ c
To Shares Allotment A/ c
To Shares I call A/ c
To Shares II & Final Call A/ c
24,00,000
24,00,000
11,96,800
11,96,800
By Balance c/ d 71,93,600
71,93,600 71,93,600