In the Books of Sky  Ltd.
JOURNAL

Date

Particular

l.F.

Dr. Amount ₹

Cr. Amount ₹

Bank A/c                                                                        Dr.
            To Shares Application A/c
 (Application money received on 1,000 shares @ ₹3 per share)

3,000

3,000

Shares Application A/c                                                              Dr.
To Share Capital A/c
(Transfer of application money on 1,000 shares to

Share Capital Account on allotment)

3,000

3,000

Shares Allotment A/c                                                                 Dr.
         To Share Capital A/c
(Allotment money due on 10,000 shares @  ₹ 4 per share)

4,000

4,000

Bank A/c                                                                        Dr.
                To Shares Allotment A/c
(Allotment money received on 10,000 shares)

4,000

4,000

Shares First and Final Call A/c                                 Dr.
               To Share Capital A/c
 (First and final call money due on 10,000 shares @ ₹ 3 per share)

3,000

3,000

Bank A/c                                        Dr.
To Shares First and Final Call A/c
(First and final call money received on 10,000 shares)

3,000

3,000

सुरक्षा प्रीमियम आरक्षित का उपयोग

सदस्यों को पूर्णतः भुगतान किए गए बोनस शेयर जारी करना;

कंपनी के प्रारंभिक खर्चों को बट्टे खाते में डालना;

के खर्चों को बट्टे खाते में डालना, या भुगतान किया गया कमीशन या किसी भी मुद्दे पर छूट की अनुमति देना

कंपनी की प्रतिभूतियाँ या डिबेंचर;

कंपनी के किसी भी प्रतिदेय अधिमानी शेयरों या किसी डिबेंचर के मोचन पर देय प्रीमियम का प्रावधान करना;

अपने स्वयं के शेयर खरीदने (बाय-बैक) में।

Basis

Journal Entry

Amount

On Receipt of Application Money*

Bank A/c                                                      Dr.
           To Shares Application A/c

[With the total application money received including premium]

On Allotment of Shares

Shares Application A/c                              Dr.
                   To Share Capital A/c
              To Securities Premium Reserve A/C

[With total application money]
[With amount paid towards share capital] [With amount of premium received along with application money]

Amount Due on Allotment

Shares Allotment A/c                                  Dr.
                       To Share Capital A/c
                         To Securities Premium                   Reserve A/c

[With money due on allotment]
[With amount due towards share capital] [With amount due towards premium]

On Receipt of Allotment Money

Bank A/c                                                    Dr.
calls-in-Arrears A/c                                     Dr.
            To Shares Allotment A/c

[With amount received against allotment money][With amount not received against allotment money]

Amount Due on First Call

Shares First Call A/c
           To Share Capital A/c
            To Securities Premium Reserve A/C

[With the amount due on first call]
 [With the amount due towards share capital]
[With the amount due towards premium]

On Receipt of First Call

Bank A/c                                                        Dr.
Calls-in-Arrears A/c                                    Dr.
                To Shares First Call A/c

[With the amount received against first call]
[With the amount not received against

first call money due]

In the Books of Spot  Ltd.
JOURNAL

Date

Particular

l.F.

Dr. Amount ₹

Cr. Amount ₹

Bank A/c                                                        Dr.
To Shares Application A/c
 (Application Money received on 10,000 Equity Shares)

1,00,000

1,00,000

Shares Application A/c                                              Dr.
                To Share Capital A/c
(Shares Application money transferred to Share Capital Account on allotment)

1,00,000

1,00,000

Shares Allotment A/c                                                Dr.
                          To Securities Premium Reserve A/c
(Amount due on allotment on 10,000 Equity Shares @ ₹10 per share)

1,00,000

1,00,000

Bank A/c                                                                     Dr
          To Shares Allotment A/c
(Amount of securities premium received)

1,00,000

1,00,000

In the Books of  India Ltd.
JOURNAL

Date

Particular

l.F.

Dr. Amount ₹

Cr. Amount ₹

Bank A/c                                                                  Dr.
To Equity Shares Application A/c
(Application money received on 20,000 shares @ ₹ 50 per share)

10,00,000

10,00,000

Equity Shares Application A/c                                Dr.
To Equity Share Capital A/c (20,000 x ₹40)
To Securities Premium Reserve A/c (20,000 x ₹10)
(Application money adjusted )

10,00,000

8,00,000
2,00,000

Equity Shares Allotment A/c                                    Dr.
          To Equity Share Capital A/c (20,000 x ₹30)
           To Securities Premium Reserve A/c (20,000 x ₹10)
(Allotment money due on 20,000 shares)

8,00,000

6,00,000
2,00,000

Bank A/c                                                                     Dr.
            To Equity Shares Allotment A/c
(Allotment money received )

8,00,000

8,00,000

Equity Shares First Call A/c                                      Dr
To Equity Share Capital A/c (20,000 x ₹20)
To Securities Premium Reserve A/c (20,000 x ₹10)(First call money due on 20,000 shares)

6,00,000

4,00,000
2,00,000

Bank A/c                                                                        Dr.
           To Equity Shares First Call A/c
(Shares first call amount received on 20,000 shares)

6,00,000

6,00,000

Equity Shares Second and Final Call A/c               Dr.
                To Equity Share Capital A/c (20,000 x ₹10)
                 To Securities Premium Reserve A/c (20,000 x ₹10)
(Second and final call money due on 20,000 shares)

4,00,000

2,00,000
2,00,000

Bank A/c                                                        Dr.
       To Equity Shares Second and Final Call A/c
(Shares second and final call money received)

4,00,000

4,00,000