Xansa Ltd. offered 22,000 equity shares of Rs. 100 each to the public at a premium of Rs. 20 per share. The amount per share was payable as Rs. 30 on application, Rs. 50 (including premium) on allotment, and the balance on first and final call. 20,000 shares were subscribed by the public. All calls were made. A shareholder holding 1,000 shares failed to pay the first and final call money. His share were forfeited. Show 'Share Capital' in the Balance Sheet of Xansa Ltd. Also, prepare 'Notes to Accounts'.

Kansa Ltd., offered 32,000 equity of Rs. 100 each to the public at a premium of Rs. 20 per share. The amount was payable as : Rs. 20 on application, Rs. 40 (including premium) on allotment, and the balance on first and final call. 30,000 shares were subscribed by the public. All the money was duly received except from a shareholder holding 4,000 shares who failed to pay the first and final call money. His shares were forfeited. Show 'Share Capital' in the Balance Sheet of Kansa Ltd. Also prepare 'Notes to Accounts'.

(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.

Luxury Cars Ltd. invited applications for issuing 10,000 equity shares of Rs. 50 each at a premium of Rs. 100 per share. The amount was payable as follows : On application - Rs. 75 per share (including Rs. 50 premium) On allotment - The balance The issue was fully subscribed. A shareholder holding 400 shares paid his entire share money at the time of application. Another shareholder holding 300 shares did not pay the allotment money. His shares were forfeited. The forfwited shares were later on re-issued for Rs. 9 per share as fully paid up. Pass necessary journal entries for the above transactions in the books of the company.

'BMY Ltd.' invited applications for issuing 1,00,000 equity shares of Rs. 10 each at a premium of Rs. 10 per share. The amount was payable as follows : {:("On Application",-,"Rs. 10 per share (including Rs. 5 premium)"),("On Allotment",-,"The Balance"):} The issue was fully subscribed. A shareholder holding 300 shares paid the full share money with application. Another shareholder holding 200 shares failed to pay the allotment money. His shares were forfeited. Later on these shares were re-issued for Rs. 4,000 as fully paid up. Pass necessary journal entries for the above transactiors in the books of BMY Ltd.

BMY Ltd.' invited applications for issuing 1,00,000 Equity Shares of Rs. 10 each at a premium of Rs. 10 per share. The amount was payable as follows: On application-Rs. 10 per share (including Rs. 5 premium), On allotment-The balance. The issue was fully subscribed. A shareholder holding 300 shares paid the full share money with application. Another shareholder holding 200 shares failed to pay the allotment money. His shares were forfeited. Later on, these shares were reissued for Rs. 4,000 as fully paid-up. Pass necessary Journal entries for the above transactions in the books of BMK Ltd.

Anishka Ltd. Invited applications for 2,00,000 equity shares of Rs. 10 each at a premium of Rs. 4 per share. The amount was payable as follows : On Application - Rs. 6 (including premium Rs. 2) On Allotment - Rs. 7 (including premium Rs. 2) Balance on first and final call. Applications for 3,00,000 shares were received. Allotment was made to all the applicants on pro-rata basis. Mehak, to whom 400 shares were alloted failed to pay allotment and call money. Khushboo, who had applied for 300 shares failed to pay the call money. Their shares were forfeited after final call. 400 of the forfeited shares (including all shares of Khushboo) were reissued @ 8 per share as fully paid up. Pass the necessary journal entries by opening 'Calls in Arrears A/c' wherever necessary.

Telecom Ltd.' issued 20,000 Equity Shares of Rs. 10 each at a premium of Rs. 5 per share, payable as: Rs. 7 (including premium ) on application, Rs. 5 on allotment and the balance after three months of allotment. A shareholder to whom 200 shares were allotted failed to pay the allotment and call money and his shares were forfeited. 160 of the forfeited shares were reissued for Rs. 1 1,600. Give necessary entries in company's Journal and the Balance Sheet.

Kanpur Gas Ltd. issued 40,000 equity shares of Rs. 10 each at a premium of Rs. 1 per share. Amount were payable as follows : Rs. 2.50 on Application , Rs. 4.50 on Allotment (including premium), Rs. 2 on First Call and Rs. 2 on Final Call. Applications were received for 37,000 shares. Give Journal Entries assuming that all sums have been received on due dates.