MP Board Notes
Home> Class-12> BOOK KEEPING AND ACCOUNTANCY >Q 78

Que : 78. Mahajan Ltd. issued 30,000 equity shares of Rs. 10 each to the public. The whole amount was received in a lumpsum. Pass necessary journal entries in the Books of Company.
Answer:

Journal entries in the book of mahajan l.t.d.

   Date

 

    (1)

 

 

   (2)

         Particular

__________________________

Bank  a/c                                   Dr

  To eq. share app.  allot. A/C

(being app. & allot. Money rec.) 

Share app. & allot. A/C            Dr

   To eq. share capital A/C

(being app. & allot money transferred to capital A/C.)

Amount

_______

300000

     -

 

 300000

     -

 Amount

_______

     - 

 300000

 

     -     

300000

 


❮ Previous Next ❯