The solution to Question number 19 of the Accounting for Share Capital chapter of TS Grewal Book 2025-26 Edition
Bright Ltd. issued 80,000 Equity Shares of ₹ 10 each against which it received applications for 1,20,000 shares. Application Money was ₹ 4, Allotment Money and First and Final Call was ₹ 3 each.
Pass the Journal entry for allotment of shares in each of the following cases:
Case 1: Excess Applications were rejected.
Case 2: Pro rata allotment is made.
Case 3: Applicatoins for 20,000 Shares were refused allotment and pro rata allotment was made to remaining.
Case 4: Applications for 10,000 Shares were refused allotment, applications for 10,000 shares were allotted the shares applied and pro rata allotment was made to the remaining.
Solution:-
