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M.222 An Aid to Accountancy—CBSE XII

(vii) Bank A/c ...Dr. 12,00,000
Calls-in-Arrears A/c ...Dr. 60,000
To Equity Shares First and Final A/c 12,60,000
(Being the call money received on 60,000 shares)
(viii) Equity Share Capital A/c ...Dr. 30,000
Securities Premium Reserve A/c ...Dr. 45,000
To Calls-in-Arrears A/c 60,000
To Forfeited Shares A/c 15,000
(Being 3,000 shares forfeited)

(ix) Bank A/c ...Dr. 2,00,000
To Equity Share Capital A/c 40,000
To Securities Premium Reserve A/c 1,60,000
(Being 4,000 shares reissued)
(x) Forfeited Shares A/c ...Dr. 16,000
To Capital Reserve A/c 16,000
(Being the gain on reissue of 4,000 shares transferred)

BALANCE SHEET
as at...
Particulars Note No. `
I. EQUITY AND LIABILITIES
Shareholders’ Funds
Share Capital 1 6,45,000

Note to Accounts
Particulars `
1. Share Capital
Authorised Capital
... Equity Shares of ` 10 each ...
Issued Capital
70,000 Equity Shares of ` 10 each 7,00,000
Subscribed Capital
Subscribed and Fully Paid-up
64,000 Equity Shares of ` 10 each 6,40,000
Add: Forfeited Shares A/c 5,000 6,45,000

Or
JOURNAL OF KAILASH LTD.
Date Particulars L.F. Dr. (`) Cr. (`)

(i) Bank A/c ...Dr. 26,95,000
To Equity Shares Application A/c 26,95,000
(Being the application money received)
(ii) Equity Shares Application A/c ...Dr. 26,95,000
To Equity Share Capital A/c 3,85,000
To Securities Premium Reserve A/c 23,10,000
(Being the application money adjusted)