Answer:
JOURNAL
The value being conveyed are: (i) Generation of employment opportunities (ii) Discharging social responsibility Date Particulars LF Amt (Rs.) Amt (Rs.) Bank A/c Dr 4,50,000 To Share Application A/c \[(1,50,000\times 3)\] 4,50,000 (Being application money received on 1,50,000 shares at Rs. 3 per share) Share Application A/c Dr 4,50,000 To Share Capital A/c 4,50,000 (Being application money transferred to share capital account at the time of allotment) Share Allotment A/c Dr 3,00,000 To Share Capital A/c \[(1,50,000\times 2)\] 3,00,000 (Being allotment money due on 1,50,000 shares at Rs. 2 per share) Bank A/c Dr 3,00,000 To Share Allotment A/c 3,00,000 (Being receipt of Rs. 2 per share on 1,50,000 share) Share First Call A/c Dr 3,00,000 To Share Capital A/c \[(1,50,000\times 2)\] 3,00,000 (Being first call money due on 1,50,000 share @ Rs. 2 per share) Bank A/c Dr 3,00,000 To Share First Call A/c 3,00,000 (Being first call money received) Share Second and Final Call A/c Dr 4,50,000 To Share Capital A/c \[(1,50,000\times 3)\] 4,50,000 (Being second and final call money due on 1,50,000 shares @ Rs. 3 per share) Bank A/c Dr 4,50,000 To Share Second and Final Call A/c 4,50,000 (Being second and final call money received)
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