Question: Dee Cee Ltd invited application to issue 10,000 equity shares of face value 10 each at par. The amount to be paid as to 4

Dee Cee Ltd invited application to issue 10,000 equity shares of face value ₹10 each at par. The amount to be paid as to ₹4 at the time of application, ₹2.50 on allotment, and the remaining amount on first and final call. The company received the application for 10,000 shares all the shares were allotted, the amount due on allotment as well as on first and final call was received in time in full. Pass necessary journal entries in the books of accounts.

Step by Step Solution

★★★★★

3.23 Rating (147 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Particulars Journal of Dee Cee Ltd Bank ac To Equity Share Application ac Applic... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Financial Accounting Questions!

J.J. Ltd invited application to issue 20,000 equity shares of face value 10 each at par. The amount to be paid as to 5 at the time of application, 3 on allotment, 1 per share on first call and 1 per...

Jay Pee Ltd invited application to issue 10,000 9% preference shares of face value 10 each at par. The amount to be paid as to 3 at the time of application, 2 on allotment, and the remaining amount...

M.N. Ltd invited application to issue 10,000 equity shares of face value 10 each at 20% premium. The amount to be paid as to 5 (including 1 of premium) at the time of application, 5 (including Re. 1...

J.K. Ltd invited application to issue 3,000 12% redeemable debentures of face value 100 each at par. The amount to be paid are 60 at the time of application, 30 on allotment, 10 per debenture on...

J.K. Ltd invited application to issue 3,000 equity shares of face value 10 each at par. The amount to be paid as to 3 at the time of application, 6 on allotment, 1 per share on first and final call....

J.K. Ltd invited application to issue 30,000 equity shares of face value 10 each at par. The amount to be paid as to 6 at the time of application, 3 on allotment, Re. 1 per share on first and final...

Jay Pee Ltd invited application to issue 10,000 equity shares of face value 10 each at par. The amount to be paid as to 3 at the time of application, 2 on allotment, and the remaining amount on first...

Refer to details of rights issue of Arvind Fashions given in the image and answer the following questions : a. After studying the financials of Arvind Fashions, comment as to why the company opted...

Find the above attached question and give the answer properly. 4. Refer to details of rights issue of Arvind Fashions given below and answer the following questions : Page 5 of 8 Details of the...

If in Example 7, only 400 shares relating to first defaulter are reissued then show how the entries should be passed. Data from Example 7 Taking the data of Example 6, if shares of both the...

When customers called the number provided, New Rapids Carpet Center, Inc. sent salespeople to visit them at home to sell them carpet that was not as advertisedit was not continuous filament nylon...

A 0.20-kg rubber ball, initially at rest, is dropped from the window of a building. It strikes the sidewalk with a speed of 25 m/s and rebounds with a speed of 20 m/s. Ignoring any effect due to air...

Rewards of Financial Planning include I. Greater flexibility II . A sub - standard of living III. Wise spending habits IV . Increased wealth Question 1 3 options: a ) II , III and IV b ) I, III and...

When activities are scheduled with probabilistic task times. LO.1

The January 25, 2005, edition of the Wall Street Journal has an article by Mary Kissel (on p. C1) entitled Known for Growth, Asian Firms Answer Call of the Dividend. Instructions Read the article and...

The financial statements of Zetar plc are presented in Appendix C. The companys complete annual report, including the notes to its financial statements, is available at www.zetarplc.com. Instructions...

What are the essential features of the allowance method of accounting for bad debts?

Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 $ 345,000 $ 48,500 1 50,000 24,500 2 70,000 22,500 3 70,000 20,000 4 445,000 15,100 Whichever project you...

Identify the term being described for each of the following: f. The statistical distribution used to describe path variability

26. The overheads are absorbed into different products under activity costing system a) Using level of activity used in producing the cost under b) Using departmental overhead rate c) Both of these...