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Account Semester 2 Final Exam
Account Semester 2 Final Exam
JOURNAL
Date Particulars
YZ
Semester: II
Name of the Course: Corporate Accounting
five hundred and sixty five
Accounting
STATEMENT SHOWING DETAILS OF SHARE A
I Rejected
II 50%
III 100%
IV Pro rata
HOWING DETAILS OF SHARE APPLICATION MONEY
Disposition of Application Money
App Money
Received Share Capital Allotment Call-in-advance Refund
In the Books of apc ltd
JOURNAL
Date Particulars L.F.
bank a/c dr
to share application a/c
(being application money recived)
bank a/c dr
call in arrears a/c
to share allotment
(being share allotment money received and arrears )
Amount (Dr.) Amount (Cr.)
1,200,000
1200000
1,200,000
120000
1200000
1200000
1176000
24000
120000
STATEMENT SHOWING AMOUNT
Share Application Rs.
Name of Allotte No. of Shares
HOWING AMOUNT RECEIVED AND CALLS-IN-ARREARS ON FORFEITED SHARES
Share Allotment Rs. Share First Call Rs.
Share Second & Final Call Rs.
Dr.
Receipt and Payment Account for the year ending March
Receipt Amount (Rs.)
Dr.
Income and Expenditure Account for the year ending Marc
Expenditure Amount (Rs.)
Balance Sheet as on March 31, 2021
Liabilities Amount (Rs.)
Cr.
ount for the year ending March 31, 2021
Payment Amount (Rs.)
Cr.
ccount for the year ending March 31, 2021
Income Amount (Rs.)
heet as on March 31, 2021
Assets Amount (Rs.)
Working Notes:
In the Books of viola Ltd
JOURNAL
Date Particulars
realization a/c
to real estate a/c
to building a/c
to plant and machinery a/c
to equipment a/c
to account recievable a/c
to inventories a/c
to debtors a/c
to cash a/c
(being assets realized )
creditors a/c
to realizationa/c
(being liablities realized)
Working Notes
90,000
90,000
360,000
180,000
30,000
570000
528000
528000
528000
528000
528000
528000
42000
42000
es
660000
-90000
-42000
528000
540000
-30000
-180000
330000
In the Books of yarlow Ltd
JOURNAL
Particulars L.F.
realization a/c
to real estate a/c
to building a/c
to plant and machinery a/c
to equipment a/c
to account recievable a/c
to inventories a/c
to debtors a/c
to cash a/c
(being assets realized )
creditors a/c
to realizationa/c
(being liablities realized)
Working Notes
In the
30,000
30,000
300,000
150,000
60,000
510000
180,000
180,000
330000
330000
330,000
330000
330,000
330000
Working Notes
In the Books of zenobia Ltd
JOURNAL
Particulars L.F.
business purchases a/c
to liquidator of viola ltd a/c
to liquidators of yarlow ltd a/c
(being the amount payable to the liquidators of viola and yarlow as per agreement)
rking Notes
Amount (Dr.) Amount (Cr.)
858,000
528000
330000
288,000
90,000
30,000
12,000
10,000
80,000
30,000
120,000
90,000
528000
12000
30000
276,000
60,000
18,000
6,000
5,000
40,000
75,000
60,000
30,000
330,000
120,000
60000
528,000
330,000
858,000
120,000
120000
ESOPS
JOURNAL
In the Books of XYZ
Date Particulars
Working Notes
Calculation of Intrinsic value of options
Total (a)
No.of Shares held
Maximum Liability on Shares held (b)
Amount Paid - Lower of (a) or (b)
Working Notes
Step 1
Step 2
Step 3
Step 3
Step 4
Step 5
Step 6
Y OF B LIST OF CONTRIBUTORIES
O P Q Amount to be paid to
creditors
Rs. Rs. Rs. Rs.
orking Notes