Q.1. Anish Limited Issued 30,000 Equity Shares of Rs 100 Each Payable at Rs 30 on Application, Rs 50 on Allotment and Rs 20 on 1st and Final Call. All money was duly received.
Record these transactions in the journal of the company.
Books of Anish Limited
Journal
| Date | Particulars | L.F. | Amount (Dr.) | Amount (Cr.) | |
| Bank A/c | Dr. | 9,00,000 | |||
| To Equity share Application A/c | 9,00,000 | ||||
| (Being Application money for all shares received @ Rs 30 each for 30,000 shares) | |||||
| Equity share Application A/c | Dr. | 9,00,000 | |||
| To Equity share Capital A/c | 9,00,000 | ||||
| ( Share application money transferred to share capital A/c ) | |||||
| Equity share Allotment A/c | Dr. | 15,00,0000 | |||
| To Equity share Capital A/c | 15,00,0000 | ||||
| ( Allotment money Due on 30,000 shares @ 30 per each ) | |||||
| Bank A/c | Dr. | 15,00,0000 | |||
| To Equity share Allotment A/c | 15,00,0000 | ||||
| ( Allotment money received for all shares ) | |||||
| first and final call A/c | Dr. | 6,00,000 | |||
| To Equity share Capital A/c | 6,00,000 | ||||
| ( first and final call money due on 30,000 shares @20 each ) | |||||
| Bank A/c | Dr. | 6,00,000 | |||
| To first and final call A/c | 6,00,000 | ||||
| ( First and final call’s money received from all shares ) | |||||