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  • Steps at Par at Premium at Discount: Application Received

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    shonky1234
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    This document outlines the accounting entries for various steps in the share capital process, including application, allotment, calls and payments, forfeiture, re-issue, and transfer. It shows debit and credit entries for equity share application account, equity share capital account, bank account, securities premium account, discount on issue account, calls in arrears account, calls in advance account, equity share allotment account, equity share forfeited account, equity share 1st/final call account, and capital reserve account.

    Original Description:

    entries helpful for bcom students

    Original Title

    Issue of Shares_Entries

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    This document outlines the accounting entries for various steps in the share capital process, including application, allotment, calls and payments, forfeiture, re-issue, and transfer. It shows debit and credit entries for equity share application account, equity share capital account, bank account, securities premium account, discount on issue account, calls in arrears account, calls in advance account, equity share allotment account, equity share forfeited account, equity share 1st/final call account, and capital reserve account.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    13 views1 page

    Steps at Par at Premium at Discount: Application Received

    Uploaded by

    shonky1234
    This document outlines the accounting entries for various steps in the share capital process, including application, allotment, calls and payments, forfeiture, re-issue, and transfer. It shows debit and credit entries for equity share application account, equity share capital account, bank account, securities premium account, discount on issue account, calls in arrears account, calls in advance account, equity share allotment account, equity share forfeited account, equity share 1st/final call account, and capital reserve account.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Steps @ Par @ Premium @ Discount

    Application Received
    Bank A/c..Dr
    To Eq. Share Application A/c
    Bank A/c..Dr
    To Eq. Share Application A/c
    Bank A/c..Dr
    To Eq. Share Application A/c
    Transfer of Application
    Amount
    Eq. Share Application A/c...Dr
    To Eq. Share Capital A/c (actual)
    To Bank A/c (Refund)
    To Eq. Share Allotment A/c (surplus)
    To Calls-in-advance A/c (Bal)
    Share Application A/c..........Dr
    To Eq. Share Capital A/c (actual)
    To Securities Premium A/c
    To Bank A/c (Refund)
    To Eq. Share Allotment A/c (surplus)
    To Calls-in-advance A/c (Bal)
    Share Application A/c.........Dr
    Discount on Issue A/c.Dr
    To Eq. Share Capital A/c (actual)
    To Bank A/c (Refund)
    To Eq. Share Allotment A/c
    (surplus)
    To Calls-in-advance A/c (Bal)
    Allotment Due

    Eq. Share Allotment A/c.Dr
    To Equity Share Capital A/c
    Eq. Share Allotment A/cDr
    To Eq. Share Capital A/c To
    Securities Premium A/c
    Share Allotment A/cDr
    Discount on Issue A/c.Dr
    To Share Capital A/c
    Allotment Received
    (with or without
    arrears)
    Bank A/c .Dr
    Calls-in-arrears A/c.Dr
    To Eq. Share Allotment A/c
    Bank A/c .Dr
    Calls-in-arrears A/c.Dr
    To Eq. Share Allotment A/c
    Bank A/c
    .Dr
    Calls-in-arrears A/c.Dr
    To Eq. Share Allotment A/c
    1st/Final Call Due
    Eq. Share 1
    st
    /Final Call A/C.......Dr
    To Equity Share Capital A/c
    Eq. Share 1
    st
    /Final Call A/C.......Dr
    To Equity Share Capital A/c
    Eq. Share 1
    st
    /Final Call
    A/C.......Dr
    To Equity Share Capital A/c
    1st/Final Call received
    Bank A/c .Dr
    Calls-in-arrears A/c.Dr
    Calls-in-Advance A/c .Dr
    To Equity Share 1st Call A/c
    Bank A/c .Dr
    Calls-in-arrears A/c.Dr
    Calls-in-Advance A/c .Dr
    To Equity Share 1st Call A/c
    Bank A/c
    .Dr
    Calls-in-arrears A/c.Dr
    Calls-in-Advance A/c .Dr
    To Equity Share 1st Call A/c
    Arrears received
    Bank A/c.Dr
    To Calls-in-arrears A/c
    Bank A/c.Dr
    To Calls-in-arrears A/c
    Bank A/c.Dr
    To Calls-in-arrears A/c
    Forfeiture
    Eq. Share Capital A/c ..Dr
    To Eq. Share Forfeited A/c(paid)
    To Calls-in-Arrears A/c (unpaid)
    Eq. Share Capital A/c ..Dr
    Securities Premium A/c.Dr
    To Eq. Share Forfeited A/c(paid)
    To Calls-in-Arrears A/c (unpaid)
    Eq. Share Capital A/c ..Dr
    To Discount on Issue A/c
    To Eq. Share Forfeited A/c(paid)
    To Calls-in-Arrears A/c unpaid)
    Re Issue
    Bank A/c Dr
    To Eq. Share Capital A/c

    Bank A/c Dr
    To Eq. Share Capital A/c
    To Securities Premium A/c

    Bank A/c Dr
    Eq. Share Forfeited A/c.Dr(bal)
    To Eq. Share Capital A/c

    Transfer of Share
    Forfeited A/c
    Share Forfeited A/c .Dr
    To Capital Reserve A/c
    Share Forfeited A/c .Dr
    To Capital Reserve A/c
    Share Forfeited A/c .Dr
    To Capital Reserve A/c

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