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State bank of india issued 6000 …

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State bank of india issued 6000 ; 10% of preference share of rupees 100 each at a premium of 5% on 1st june 2019 .the issue was oversubscribed by 3000 share. Pro rata allotnent made to all the applicants .pass necessary journal entry for issue of 10% of preference share.

Posted by Rani Devi 6 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Suman Sharma 6 years, 3 months ago

Journal entry for application received Bank A/c Dr. 9,45,000 To 10% pre. Share app. A/c 9,45,000 When share is issued 10% pre.Share app. A/c Dr. 9,45,000 To pre.share capital A/c. 9,00,000 To S. P. R. A/c. 45,000

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