Match List-I with List-II
|
List-I Allotment of Shares |
List-II Journal Entry |
|
(A) For Transfer of Application Money |
(I) Share Application A/c Dr. To Bank A/c |
|
(B) For Money Refunded on Rejected Application |
(II) Bank A/c Dr. To Share Allotment A/c |
|
(C) For Amount Due on Allotment |
(III) Share Application A/c Dr. To Share Capital A/c |
|
(D) For Receipt of Allotment Money |
(IV) Share Allotment A/c Dr. To Share Capital A/c |
Choose the correct answer from the options given below.
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (A)-(III), (B)-(I), (C)-(IV), (D)-(II)
|
List-I Allotment of Shares |
List-II Journal Entry |
|
(A) For Transfer of Application Money |
(III) Share Application A/c Dr. To Share Capital A/c |
|
(B) For Money Refunded on Rejected Application |
(I) Share Application A/c Dr. To Bank A/c |
|
(C) For Amount Due on Allotment |
(IV) Share Allotment A/c Dr. To Share Capital A/c |
|
(D) For Receipt of Allotment Money |
(II) Bank A/c Dr. To Share Allotment A/c |