Journal Entries

Step 1: Journal Entry for Share Application The company received ₹ 8 per share on 1,00,000 shares. Therefore, the total amount received is: The journal entry for the receipt of the application money is: \begin{verbatim} Bank A/c Dr. 8,00,000 To Share Application A/c 8,00,000 \end{verbatim}

Step 2: Journal Entry for Share Allotment The company received ₹ 6 per share on 1,00,000 shares. Therefore, the total amount received is: The journal entry for the receipt of the allotment money is: \begin{verbatim} Bank A/c Dr. 6,00,000 To Share Allotment A/c 6,00,000 \end{verbatim}

Step 3: Journal Entry for Share First Call The company received ₹ 4 per share on 1,00,000 shares. Therefore, the total amount received is: The journal entry for the receipt of the first call money is: \begin{verbatim} Bank A/c Dr. 4,00,000 To Share First Call A/c 4,00,000 \end{verbatim}

Step 4: Journal Entry for Share Final Call The company received ₹ 2 per share on 1,00,000 shares. Therefore, the total amount received is: The journal entry for the receipt of the final call money is: \begin{verbatim} Bank A/c Dr. 2,00,000 To Share Final Call A/c 2,00,000 \end{verbatim}

Final Answer: \begin{verbatim} 1. Bank A/c Dr. 8,00,000 To Share Application A/c 8,00,000 2. Bank A/c Dr. 6,00,000 To Share Allotment A/c 6,00,000 3. Bank A/c Dr. 4,00,000 To Share First Call A/c 4,00,000 4. Bank A/c Dr. 2,00,000 To Share Final Call A/c 2,00,000 \end{verbatim}