Issue Of Shares In A Premium

( Issue of Shares at Premium, Fully Subscribed, Amount Payable in Lump Sum). Why Ltd. issued 20,000 Equity Shares of Rs. 10 each at a premium of Rs. 2 payable along with the application. All the shares were applied and duly allotted. Pass necessary Journal entries and also draw the Balance Sheet of the Company.

(Issue of Shares at Premium, Fully Subscribed, Amount Payable in Instalments). Fine Craft Ltd. issued 50,000 Equity Shares of Rs. 10 each at a premium of Rs. 2 per share payable as follows: Rs. 3 on application, Rs. 6 on allotment, and Rs. 3 on first and final call. All the shares were applied for and duly allotted. Pass necessary Journal entries.

(Issue of Shares at Premium, Fully Subscribed, Amount Payable in Instalments). 'Tractors India Ltd.' is registered with a authorised capital of Rs. 10,00,000 divided into 1,00,000 equity shares of Rs. 10 each. The company issued 50,000 equity shares at a premium of Rs. 5 per share. Rs. 2 per share were payable with application, Rs. 8 per share (including premium) on allotment and the balance amount on first and final call. The issue was fully subscribed and all the amount due was received except the first and final call money on 500 shares allotted to Balaram. Present the 'Share Capital' in the Balance Sheet of 'Tractors India Ltd.' as per Schedule III, part I of the Companies Act, 2013. Also prepare Note to Accounts for the same.

(Issue of shares at Premium, Fully subscribed, Amount Payable in Instalments). New India Ltd. was registered with a capital of Rs. 1,00,00,000 in equity shares of Rs. 100 each. It issued a prospectus inviting applications for 20,000 shares at 40% premium payable as follows: On Application Rs. 50 (including Rs. 10 premium), On Allotment Rs. 40 (including Rs. 10 premium), On First Call Rs. 30 (including Rs. 10 premium), Applications were received for 20,000. The amount due was received. Pass the necessary Journal entries and also show how 'Share Capital' Will be shown in the Balance Sheet of the Company.

Issue Of Debentures At Premium

Issue Of Shares At A Discount

(Issue of Shares for Purchase of Business). Tiny Toys Ltd. purchased the business of Ram Bros. for Rs. 1,80,000 payable in fully paid Equity Shares of Rs. 10 each. What entries will be passed in the books of Tiny Toys Ltd. if the issue is :(i) at par and (ii) at a premium of 20%?