B3 proforma Entries

Transaction and Entry

1.When share application money is received.

1.Bank account to share application account

2. On allotment o shares
A) For transfering share application money in respect of applications accepted
2a.Share application account to share capital account

B ) for allotment money due on allotment of shares
2b.Share allotment account to share capital account

3. On receipt of allotment money

3,Bank account to share allotment account

4. On making calls
A) for call money due on call
4a,Share call account to share capital account
B) on receipt of call money
4b.Bank account to share calls account