Page 206 - ISCDEBK-12

7.42 Double Entry Book Keeping (Section A)—ISC XII

3. Shares Issued for Cash—75,000;
Shares issued for consideration other than cash—2,700; and
Securities Premium Reserve—` 1,50,000.
4. (i) Dr. Equity Shares Second and Final Call A/c and Cr. Equity Share Capital A/c by ` 1,00,000.
(ii) Dr. Bank A/c—` 99,800 and Calls-in-Arrears A/c—` 200;
Cr. Equity Shares Second and Final Call A/c—` 1,00,000.
5. Total of Balance Sheet—` 4,92,000.

6. Capital Reserve—` 5,000.
7. Share Capital—` 4,93,500; Reserves and Surplus—` 1,00,000; Total of Balance Sheet—` 5,93,500.
8. Amount forfeited—` 11,700.