Practical Problem 03

                                                                                 Journal Entries in the books of Rohini Company Limited

Date

Particulars

L.F

Debit Amount (₹)

Credit Amount (₹)

1

Bank A/c ……………………………………………………………………..Dr.

4,40,000

         To Equity Share Application A/c

4,40,000

( Being equity share application money on 22,000 shares @ ₹ 20 per share received)

2

Equity Share Application A/c ………………………………………..Dr

4,40,000

        To Equity Share Capital A/c

4,40,000

( Being equity share application money on 22,000 equity shares @ ₹ 20 per share transferred to Equity Share Capital Account)

3

Equity Share Allotment A/c………………………………………… Dr.

6,60,000

         To Equity Share Capital A/c

6,60,000

( Being allotment money on 22,000 equity shares @ ₹ 30 per share due)

4

Bank A/c………………………………………………………………………. Dr

6,60,000

          To Equity Share Allotment A/c

6,60,000

( Being equity share allotment money on 22,000 shares @ ₹ 30 per share received)

5

Equity Share First Call A/c…………………………………………… Dr.

4,40,000

          To Equity Share Capital A/c

4,40,000

( Being equity share first call money on 22,000 shares @ ₹ 20 due)

6

Bank A/c ……………………………………………………………………..Dr.

4,40,000

          To Equity Share First Call A/c

4,40,000

( Being equity share first call money on 22,000 shares @ ₹ 20 per share received)

7

Equity Share Second & Final Call A/c………………………….. Dr.

6,60,000

           To Equity Share Capital A/c

6,60,000

( Being equity share second & final call money on 22,000 shares @ ₹ 30 due)

8

Bank A/c ………………………………………………………………………..Dr

6,60,000

         To Equity Share Second & Final Call A/c

6,60,000

( Being equity share second & final call money on 22,000 shares @ ₹ 30 per share received)

4400000

4400000