A)
Bank A/c
Dr.
Calls-in Arrears A/c
Dr.
To First and Final Call A/c
(Being First and Final call received except on 200 shares)
B)
Bank A/c
Dr.
To Share Allotment A/c
To Calls-in-Advance A/c
(Being Allotment money received with first and final call on 200 shares)
C)
Share Application A/c
Dr.
To Share Allotment A/c
To Share Capital A/c
To Bank A/c
(Being Application money adjusted)
D)
Share Capital A/c
Dr.
To Bank A/c
To Share Forfeiture
(Being reissue of forfeited shares)
Correct Answer: D
Solution :
Share Capital A/c | Dr. |
To Bank A/c | |
To Share Forfeiture | |
(Being reissue of forfeited shares) |
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