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