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POWERPOINT SLIDES
JOBI L.BABUB.Ed,Commerce
Roll No:13357004BNV college of teacher
education,Thiruvallam,
Thiruvananthapuram.
ACCOUNTING ENTRIES
RELATING TO ISSUE OF SHARES
Bank a/c Dr
To share application a/c
1. ON RECEIPT OF APPLICATION MONEY
Share application a/c Dr
Share capital a/c
2. APPILICATION MONEY TRANSFERRED TO THE SHARE CAPITAL A/C
Share application a/c Dr
Bank a/c
3. REFUND OF APPLICATION MONEY
Share allotment a/c Dr
Share capital a/c
4. WHEN THE ALLOTMENT MONEY BECOMES DUE
Share application a/c Dr
Share allotment a/c
5.EXCESS APPLICATION MONEY ADJUSTED TO SHARE ALLOTMENT
Bank a/c Dr
Share allotment a/c
6.ON RECEIPT OF ALLOTMENT MONEY
Share call (first, second etc.) a/c Dr
Share capital a/c
7.ON MAKING THE CALL DUE FROM THE SHAREHOLDERS
Bank a/c Dr
Share call (first,second,etc.) a/c
8.ON RECEIPT OF CALL MONEY
Calls in arrears a/c Dr
Share allotment a/c or
Share calls (first, second, etc) a/c
9. CALLS IN ARREARS BROUGHT INTO ACCOUNT
Bank a/c Dr
Calls in advance
10.AMOUNT RECEIVED ON CALLS IN
ADVANCE
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