Application |
Rs |
2 |
Allotment |
Rs |
3 |
First Call |
Rs |
3 |
Final Call |
Rs |
2 |
|
|
10 |
Journal |
||||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
||
|
|
|
|
|
||
Case I |
Share Capital A/c (100×5) |
Dr. |
|
500 |
|
|
|
To Share Forfeiture A/c |
|
|
200 |
||
|
To Share Allotment A/c |
|
|
300 |
||
|
(100 shares of Rs 10 each, Rs 5 called-up, forfeited for the non-payment of allotment) |
|
|
|
||
|
|
|
|
|
||
Case II |
Share Capital A/c (100 × 8) |
Dr. |
|
800 |
|
|
|
To Share Forfeiture A/c |
|
|
200 |
||
|
To Share Allotment A/c |
|
|
300 |
||
To Share First Call A/c | 300 | |||||
|
(100 shares of Rs 10 each, Rs 8 called-up forfeited for non-payment allotment and first-call) |
|
|
|
||
|
|
|
|
|
||
Case III |
Share Capital A/c |
Dr. |
|
1,000 |
|
|
|
To Share Forfeiture A/c |
|
|
500 |
||
|
To Share First Call A/c |
|
|
300 |
||
To Share Final Call A/c | 200 | |||||
|
(100 shares of Rs 10 each forfeited for the non-payment Rs 5 each) |
|
|
|
||
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|
|
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|