Page 45 - Ebook Financial Accounting 3
P. 45
Second Call
Dr. Second call 90,000
Cr. Ordinary Share (450,000 x RM0.20) 90,000
Dr. Bank 87,000
Call in advance 3,000
Cr. Second call 90,000
ii)
Statement of Financial Position
Non-current Asset
Bank RM900,000
Issued and paid-up share capital
450,000 Ordinary Share RM900,000
QUESTION 2.3
Description Debit Credit
Bank 200,000
Application 200,000
Application received (500,000-unit x RM0.40)
Application 40,000
Bank 40,000
Refund (100,000-unit x RM0.40)
Application 140,000
Ordinary share capital 140,000
Application transferred to O/S (350,000 x
RM0.40)
Allotment 245,000
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