Q.2. The Adersh Control Device Ltd was registered with the authorised capital of Rs 3,00,000-solution Accountancy

Q.2. The Adersh Control Device Ltd was registered with the authorised capital of Rs 3,00,000 divided into 30,000 shares of Rs 10 each, which were offered to the public. Amount payable as Rs 3 per share on application, Rs 4 per share on allotment and Rs 3 per share on first and final call. These share were fully subscribed and all money was dully received. Prepare journal and Cash Book.

SOLUTION

 Books of The Adersh Control Device Ltd

Journal

Date	Particulars		L.F.	Amount (Dr.)	Amount  (Cr.)
	Equity share Application A/c	Dr.		90,000
	To Equity share Capital A/c				90,000
	( Being share Application money for 30,000 shares @ Rs 3 per share transferred to share capital A/c )
	Equity share Allotment A/c	Dr.		1.20,000
	To Equity share Capital A/c				1,20,000
	( Being Share allotment money due on 30,000 shares @ Rs 4 per share )
	First and final call A/c	Dr.		90,000
	To Equity share Capital A/c				90,000
	( Being share first and final call A/c ‘s money due on 30,000 shares @ 3 per share )

Cash Book

Date	Particulars	J.F	Amount	Date	Particulars	J.F	Amount
	Equity share Application A/c		90,000
	Equity share Allotemnt A/c		1,20,000
	Equity share First and final Call A/c		90,000		Balance c/d		3,00,000
			3,00,000				3,00,000

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