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Problem on pro rata allotment

Others 1901 views 43 replies
hence total amount is 100000+20000=120000
total AMT received on 50000 share is 320000* . I have wrongly typed it 300000. rest is same.

o ok that means 20000shares @ rs 5plus additional 20000 shares will be added which coms as 120000

yes.have u got it?

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 

can I know where I committed mistake??
can I know where my mistake is??!!
Aradhana didi
my last entry and ur entry
both r same
yes aapki last entry same h.bt allotment calculation aapki aur Anisha ki dono ki galat h
hey Anisha y u dnt utilised amount towards first call? as question says dat excess amount should be utilised towards allotment and call.hence u should utilised 120000 as call in advance.
bank a/c 980000, to equity share application 400000 ,to equity share allotment 380000, to call in advance 120000, to bank 80000
bank a/c 518320 to share allotment 518320. (800000-380000-1680). bank a/c Dr 877400. to share first call 877400. (1000000-120000-2600)

kyun galti kya h plz tell me the correct entries then                                                                                                                                                                                                                                            

it is 418320 only as800000-380000=420000-1680=418320

I have send rply.see my entries.still u have doubt den ask me where u r lacking.


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