Accounts Shares, Debenture

Accounting Entries on issue of Shares

1. For receiving applications
   Bank a/c_______________________dr.
   To share applications a/c
2. Transfer of application money to share capital
   Share applications a/c____________dr.
   To share capital a/c
3. On Allotment money due
   Share allotment a/c______________dr.
   To share capital a/c
4. On receipt on money
   Bank a/c______________________dr. .
   To share allotment a/c
5. On calls money due
   Particulars calls A/c______________dr.
   To share capital a/c
6. On calls money receive
   Bank a/c______________________dr.
   To Particular calls
7. At the time of Oversubscriptions (When received applications are more then issued shares)
   Bank a/c_______________________dr.(With oversubscription amount)
   To share applications a/c
   
   • For the oversubscribed amount adjusted
     
   • Share applications a/c_____________dr.
     To Share capital a/c
   • To Bank a/c________________________ with amt. Refunded
     To allotment a/c_____________________ Amt. adjusted on allotment
8. When issue of Shares at Securities premium
   
   • When Sec. Prem. at the time of applications
     Bank a/c______________________dr.
     (Total rec. amt including sec. prem.)
     To share applications
     Share applications a/c__________________dr.(With full above amt.)
     To share capital
     To sec. Prem.
   • When Sec. Prem. at the time of allotment
     Share allotment a/c __________________dr.
     To share capital
     To sec. Prem.
     Bank a/c__________________________dr.
     To share allotment
9. Issue of shares at Discount
   
   • When Discount. at the time of applications
     Bank a/c______________________dr.(total amt. less discount)
     To share applications
     Share applications a/c__________________dr.
     Discount on shares a/c_________________dr.
     To Share capital a/c( with full above amt.)

   When Discount. at the time of allotment
   Share allotment a/c __________________dr.
   Discount on shares a/c_______________dr.
   To share capital
   Bank a/c________________________dr.(Total amt. less discount)To share allotment a/c

10. Issue of shares other than cash
    
    • For Assets/business purchase
      
    Sundry assets a/c________________________dr.Goodwill a/c_____________________________dr.
    To vendor a/c
    To liabilities a/c (if paid)
    To capital Reserve a/c