Answer:
Check the explanation
Explanation:
S.no. Date Particulars Debit ($) Credit($)
1. 31.03.2020 Bank A/c Dr 2800000
To Equity Share Application A/c Cr 2800000
(Being Application Money received on Shares)
2. 01.04.2020 Equity Share Application A/c2800000
To Share Capital A/c Cr 2000000
To Share Allotment A/c Cr 800000
(Being allotment made to shareholders)
3. 01.04.2020 Equity Share Allotment A/c 2000000
To Equity Share Capital A/c Cr 2000000
(Being allotment amount transfer to capital account)
4. 01.04.2020 Bank A/c Dr 1200000
To Equity Share Allotment A/c Cr 1200000
(Being Balance allotment amount received)
5. 01.04.2020 Share Issue Expenses A/c Dr 10000
To Bank A/c Cr 10000
(Being Share issue Expenses paid)
6. 30.06.2020 Bank A/c Dr 450000
To Share Capital A/c Cr 450000
(Being Right Share Issued)
7. 01.10.2020 Bank A/c Dr 250000
To Share Capital A/c Cr 250000
(Being Options given to shareholders)
8. 01.10.2020 Share Expenses A/c Dr. 50000
To Bank A/c Cr. 50000
(Being Option cost 50cents per share paid)
9. 30.11.2020 Interim Dividend A/c Dr 120000
To Bank A/c Cr 120000
(Being Interim Dividend Paid)
