Ghosh Ltd. made the second and final call on its 50,000 Equity Shares @ Rs. 2 per share on 1st January,2016. The entire amount was received on 15th January, 2016 except on 100 shares allotted to Venkat. Pass necessary journal entries for the call money due and received by opening Call-in-Arrears Account.

Explanation

(i) Dr. Equity Shares Second and Final Call A/c and Cr. Equity Share Capital A/c by Rs. 1,00,000.
(ii) Dr. Bank A/c by Rs. 99,800 and Call-in-Arrears A/c by Rs. 200,
Cr. Equity Shares Second and Final Call A/c by Rs. 1,00,000.