0Issue of shares :- we can issue shares for cash and for consideration other than cash.
A) For cash :- Issue price may be payable either
1) Shares payable in lump sum which means shares will be fully paid
Entries:- i) For receiving Share application money
Bank a/c dr To Share application a/c
ii) For allotment of shares
Share application a/c dr To Share Capital a/c
2) Shares payable in installments :- share may be payable in installments as application, allotment, and call money.For application money both entries of receiving and allotment of shares will be same , but for allotment and for call money entries will come in reverse form .Second entry will come first and first entry will come after that.
