Jounals of issue of share

1. POWERPOINT
SLIDES

3. 1. ON RECEIPT OF APPLICATION MONEY
Bank a/c Dr
To share application a/c

4. 2. APPILICATION MONEY TRANSFERRED TO THE
SHARE CAPITAL A/C
Share application a/c Dr
Share capital a/c

5. 3. REFUND OF APPLICATION MONEY
Share application a/c Dr
Bank a/c

6. 4. WHEN THE ALLOTMENT MONEY BECOMES DUE
Share allotment a/c Dr
Share capital a/c

7. 5.EXCESS APPLICATION MONEY ADJUSTED TO
SHARE ALLOTMENT
Share application a/c Dr
Share allotment a/c

8. 6.ON RECEIPT OF ALLOTMENT MONEY
Bank a/c Dr
Share allotment a/c

9. 7.ON MAKING THE CALL DUE FROM THE
SHAREHOLDERS
Share call (first, second etc.) a/c Dr
Share capital a/c

10. 8.ON RECEIPT OF CALL MONEY
Bank a/c Dr
Share call (first,second,etc.) a/c

11. 9. CALLS IN ARREARS BROUGHT INTO ACCOUNT
Calls in arrears a/c Dr
Share allotment a/c
or
Share calls (first, second, etc) a/c

12. 10.AMOUNT RECEIVED ON CALLS IN ADVANCE
Bank a/c Dr
Calls in advance