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Ne treaders Ltd. Issued 5000shares of rs 20/ each at a par payable as follows:-
Rs 5 on application
Rs 5 on allotment
Rs 5 on first call money
Rs 5 on second and final call money
All the shares were dully subscribed for called up and paid up . Show the necessary enteries in cash book and journal of the company for the above transaction?
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Ne treaders Ltd. Issued 5000shares of rs 20/ each at a par payable as ...
Entries in Cash Book and Journal for Issuance of Shares

1. Cash Book
First, let's record the receipt of application money, allotment money, and call money in the Cash Book:
- Debit Cash Account (for the total amount received)
- Credit Share Capital Account (for the amount due on application)
- Credit Share Application Account (for the amount received on application)
- Debit Share Capital Account (for the amount due on allotment)
- Credit Share Allotment Account (for the amount received on allotment)
- Debit Share Capital Account (for the amount due on first call)
- Credit Share First Call Account (for the amount received on first call)
- Debit Share Capital Account (for the amount due on second and final call)
- Credit Share Second and Final Call Account (for the amount received on final call)

2. Journal
Next, we need to make the following entries in the Journal:
- Debit Share Capital Account (for the total value of shares issued)
- Credit Share Application Account (for the application money)
- Credit Share Allotment Account (for the allotment money)
- Credit Share First Call Account (for the first call money)
- Credit Share Second and Final Call Account (for the final call money)
- Debit Bank Account (for the total amount received from shareholders)
- Credit Share Capital Account (for the total share capital issued)
By following these steps and making the necessary entries in the Cash Book and Journal, you can accurately record the issuance of shares and the receipt of payments from shareholders for Ne Treaders Ltd.
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Ne treaders Ltd. Issued 5000shares of rs 20/ each at a par payable as follows:-Rs 5 on application Rs 5 on allotment Rs 5 on first call money Rs 5 on second and final call money All the shares were dully subscribed for called up and paid up . Show the necessary enteries in cash book and journal of the company for the above transaction?
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Ne treaders Ltd. Issued 5000shares of rs 20/ each at a par payable as follows:-Rs 5 on application Rs 5 on allotment Rs 5 on first call money Rs 5 on second and final call money All the shares were dully subscribed for called up and paid up . Show the necessary enteries in cash book and journal of the company for the above transaction? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Ne treaders Ltd. Issued 5000shares of rs 20/ each at a par payable as follows:-Rs 5 on application Rs 5 on allotment Rs 5 on first call money Rs 5 on second and final call money All the shares were dully subscribed for called up and paid up . Show the necessary enteries in cash book and journal of the company for the above transaction? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ne treaders Ltd. Issued 5000shares of rs 20/ each at a par payable as follows:-Rs 5 on application Rs 5 on allotment Rs 5 on first call money Rs 5 on second and final call money All the shares were dully subscribed for called up and paid up . Show the necessary enteries in cash book and journal of the company for the above transaction?.
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