HomeTestsSearchRankProfile
mediumMCQCUET Accountancy 2025 24 May Shift 12026Accountancy
1 mark

Match List-I with List-IIList-I (Allotment Stage)List-II (Journal Entry)(A) For Transfer of Application Money(I) Share Application A/c Dr. To Bank A/c(B) For Money Refunded on Rejected Application(II) Bank A/c Dr. To Share Allotment A/c(C) For Amount Due on Allotment(III) Share Application A/c Dr. To Share Capital A/c(D) For Receipt of Allotment Money(IV) Share Allotment A/c Dr. To Share Capital A/cChoose the correct answer from the options given below:

  1. A
    (A) - (III), (B) - (I), (C) - (IV), (D) - (II)
  2. B
    (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
  3. C
    (A) - (I), (B) - (II), (C) - (IV), (D) - (III)
  4. D
    (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Solution & Step-by-step Explanation

Accounting steps for share issues:Transfer of Application Money to Share Capital: (III)Refunding Rejected Application Money: (I)Allotment Money Due: (IV)Receipt of Allotment Money: (II)Matches: (A) - (III), (B) - (I), (C) - (IV), (D) - (II).

Practice this question

Try it yourself before checking the explanation above.

Match List-I with List-IIList-I (Allotment Stage)List-II (Journal Entry)(A) For Transfer of Application Money(I) Share Application A/c Dr. To Bank A/c(B) For Money Refunded on Rejected Application(II) Bank A/c Dr. To Share Allotment A/c(C) For Amount Due on Allotment(III) Share Application A/c Dr. To Share Capital A/c(D) For Receipt of Allotment Money(IV) Share Allotment A/c Dr. To Share Capital A/cChoose the correct answer from the options given below:
A
(A) - (III), (B) - (I), (C) - (IV), (D) - (II)
B
(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
C
(A) - (I), (B) - (II), (C) - (IV), (D) - (III)
D
(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Share This Question

Related Questions

Ready for a Full Test?

Practice with timed mock tests and track your performance across Accountancy.

Discussion