ISSUE OF SHARES - OVER SUBSCRIPTION (Most Important Topic) Class 12 Accounts

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ISSUE OF SHARES - OVER SUBSCRIPTION (Most Important Topic) Class 12 Accounts Part-7 Session 2024-25

Oversubscription and Rejection

1. Goodwill Ltd. Offered for public subscription 60,000 equity shares of 10 each payable as follows:

On Application : ₹5

On Allotment ₹3

On First and Final Call: ₹2

Applications were received for 75,000 shares. The directors rejected applications for 15,000 shares and allotted in full to the applicants for remaining shares. Pass Journal Entries to record the above transactions.

2. Illustration 23. (Oversubscription, pro rata allotment and payment in instalments) Shah Ltd. issued 10,000 shares of 10 each, payable as:

On Application

: ₹3

On Allotment : ₹5

On First and Final Call : ₹2

Applications were received for 14,000 shares. The Directors decided to make allotment on pro rata basis and to utilise surplus of application money towards allotment. Calculate the excess application money to be adjusted towards allotment and pass the necessary Journal Entries assuming that the amounts due were received.

3. Bombay Ltd. Invited 20000 Equity share of Rs. 10 each at a premium of Rs.2 per share. The amount as follows:

Rs.2 on Application

Rs. 5 on Allotment (including premium)

Rs.5 on Ist and Final Call.

But the application received 35000 shares and Co. rejected 3000 shares and returned the money to them and balance was adjusted on Allotment.

#msacademyaccounts
#accounts
#issueofshares
#accounting
#accountancy
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गुरू ब्रह्मा गुरू विष्णु, गुरु देवो महेश्वरा गुरु साक्षात परब्रह्म, तस्मै श्री गुरुवे नमः

.❤❤❤❤ Happy Teacher's Day sir❤❤🎉🎉

officialguddanstudy
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Thank you sir I will be thankful to you because of you I scored better in my exams without any coaching you are great teacher❤❤❤

stormbreakersameer
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Sir aap bohot ache se smajhte ho thankyou sir and sir aap video ase hi dalte rhe hum wait karte h 😊😊 i wish apka channel grow ho

dtcanimation
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SIR VIDEO'S JALDI JALDI UPLOAD KRO

SarcasticDIVINE
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Jo bhi padh rha ha ache s padho m n bhi sir s account padhi thi I got 85%

Devsharmabca
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Sir call in arrear at the time of pro rata ka ek question samjha do pls

karanveersingh
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Sir hamare school me account ke teacher ki need hai?

hardworkkkkkkk
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Sir pls upload balance sheet as early as possible 🙏

Glitz
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Sir muje 1 doubt hai mai share capital ka under subscribtion wala question krr raha tha aur muje janna hai ki agar hmne jbb journal mei:-share application & allotment ac dr.
To bank cr
krr di tbb balance sheet bnegi kya
Pls tell que no 23 from your old video and same que from new book of ts grewal is 28

Pls tell i have test on tution tomorrow ❤

StudySession-rx
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Sir kay realisation a/c mai
Bank overdraft aaya ga kya please sir reply

SccAnkitkumar_
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Sir aap bahut slow video upload kr rhe h, jisse aapki goodwill kharab ho sakti h..

AyanSaifi-le