Match List-I with List-II List-

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Shares

Question:

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.

Options:

(A)-(III), (B)-(I), (C)-(IV), (D)-(II)

(A)-(I), (B)-(II), (C)-(III), (D)-(IV)

(A)-(I), (B)-(II), (C)-(IV), (D)-(III)

(A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Correct Answer:

(A)-(III), (B)-(I), (C)-(IV), (D)-(II)

Explanation:

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