Anisha Datta
(155 Points)
Replied 30 January 2017
o ok that means 20000shares @ rs 5plus additional 20000 shares will be added which coms as 120000
Anisha Datta
(155 Points)
Replied 30 January 2017
yes thank you so much well nw i am providing my solution
bank ac to sh.applcn acc 9.8lakhs
share applcn account to share capital account is 4 lakhs
share applcn account 5.8lakhs
to bank account 80000
to share allotment account 3.8lakhsto callin arrear accountis 1.2lakhs
share allotment account 8lakhs
to sh.capital account 6lakhs
to securities premium account 2 lakhs
bank account
to share allotment account 418320
share first and final call account
to share capital account 10 lakhs
bank account
to share first and final call account 9,97,400
share capital account 5200
securities premium reserve account 520
to share allotment account 1680
to share first and final call account 2600
to share forfeited account1440
WORKING NOTES:
A has been allotted 520 shareson pro rata basis he must have applied for 180000/130000*520=720 shares
excess received from a on alltment is 720-520*2 rs 400
amt.due on allotment 520*4 =2080
less excess paid on application is 400
therefore amnt not paid by A on allottment is 1680 thus allotment money received is 4.2 lakhs-1680=418320
TOOFAN
(ipcc)
(57 Points)
Replied 30 January 2017
Anisha Datta
(155 Points)
Replied 30 January 2017
kyun galti kya h plz tell me the correct entries then
Anisha Datta
(155 Points)
Replied 30 January 2017
it is 418320 only as800000-380000=420000-1680=418320