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Sonakshi LTD. issued 12000 shares of …

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Sonakshi LTD. issued 12000 shares of RS 100 each. The amount of shares payable as rs 20 on application, rs 40 on allotment and rs 40 on first and final call. All amount have been duly received. Pass the necessary journal entries. (Cash received only)

Posted by Ayushi Rawat 6 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Kshitij Awasthi 6 years, 2 months ago

Bank A\c Dr... 240000 To Share Application. 240000 Share Application Dr.... 240000 To share capital ...... 240000 Share Allotment Dr..... 480000 To Share capital ..........480000 Bank A/c Dr........... 480000 To Share Allotment 480000 Share First & Final Dr....480000 To Share Capital ............480000 Bank A/c dr..... 480000 To share First & Final call 480000

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