On 1st February 2016, Raj Ltd. received in advance the first call of Rs. 25 per share on 400 equity shares. The first casll was due on 31st March 2016. Journalise the above transactions.

On 1.1.2017 X Ltd. received in advance the first call of Rs. 2 per share on 10,000 equity shares. The first call was due on 15-2-2017. Journalise the above transactions and transfer the advance to first call account by opening a Calls-in-Advance Account.

On 1st January, 2016 the first call of Rs. 3 per share became due on 1,00,000 equity shares issued by Kamini Ltd. Karan a holder of 500 shares did not pay the first call money. Arjun a shareholder holding 1,000 shares paid the second and final call of Rs. 5 per share along with the first call. Pass the necessary Journal entry for the amount received by opening 'Calls-in-Arrears' and 'Calls-in-Advance' Account in the books of the company.

A shareholder holding 600 shares paid the amount of call @ Rs. 5 per share on 1st November 2013 whereas the call was due on 1st March 2014. Maximum interst on calls in advance will be :

Bharat Ltd. made the first call of Rs. 2 per share on its 1,00,000 Equity Shares on 1st March, 2006. Ashok, a shareholder, holding 800 shares paid the second and final call amount along with the first call money. The second and final call amount was Rs. 3 per share. Pass necessary Journal entries for recording the above using the Calls-in-Advance Account.

(Forfeiture of Shares Issued at Premium, Reissued at Discount). ABC Ltd. forfeited 150 Equity Shares of Rs. 10 each issued at a premium of Rs. 5 per share, for non-payment of allotment money of Rs. 8 per share (including premium of Rs. 5 per share), the first call of Rs. 2 per share and the final call of Rs. 3 per share. Out of these, 100 Equity Shares were reissued at Rs. 14 per share. Give Journal entries the forfeiture and reissue of shares.

The Kalyan Cotton Mills Ltd. was registered on 1st January, 2011 with a capital of Rs. 10,00,000 divided into 1,00,000 shares of Rs. 10 each . The company issued 42,000 shares of which 40,000 shares were taken up by the public and Rs. 1 per share was received with application. On 1st February, these shares were allotted and Rs. 2 per share was duly received on 28th February as allotment money. A first call of Rs. 3 per share was made on 1st March and the call money on all shares with the exception of 100 shares was received. The final call of Rs. 4 per share was made on 1st june and the amount due, with the exception of 400 shares, was received by 30th June. Pass necessary Journal and Cash Book entries and prepare the Balance Sheet as at 30th June, 2011.

On 1-1-2016 the first call of Rs. 3 per share became due on 1,00,000 equity shares issued by Kamini Ltd., Karan, a holder of 500 shares, did not pay the first call money. Arjun, a shareholder holding 1,000 shares, paid the second and final call of Rs. 5 per share along with the first call. Pass necessary Journal entry for the amount received by opening 'Cals-in-arrear' and 'Calls-in-advance' account in the books of the compay.

Sunshine Ltd. issued 20,000 shares of Rs. 100 each payable Rs. 25 per share on application, Rs. 25 per share on allotment and the balance in two calls of Rs. 25 each. The company did not make the final call of Rs. 25 per share. All the money was duly received with the exception of the amount due on the first call on 400 shares held by Mr. Modi. The Board of Directors forfeited these shares and subsequently reissued them @ Rs. 75 per share paid-up for a sum of Rs. 28,000. Journalise the above transactions and prepare Share Capital Account.

On 1st April, 2012, Vishwas Ltd. was formed with an authorised capital of Rs. 10,00,000 diveded into 1,00,000 equity shares of Rs. 10 each. The company issued prospectus inviting applications for 90,000 equity shares. The company received applications for 85,000 equity shares. During the first year, Rs. 8 per share were called. Ram holding 1,000 shares and Shyam holding 2,000 shares did not pay the first call of Rs. 2 per share. Shyam's shares were forfeited after the first call and later on 1,500 of the forfeited shares were reissued at Rs. 6 per share, Rs. 8 called-up. Show the following: (a) Share capital in the Balance Sheet of the company as per Schedule III, Part I of the Companies ACt, 2013. (b) Also prepare 'Note to Accounts' for the same.

X Ltd. forfeited 900 Equity Shares of Rs. 100 each for the non-payment of allotment money of Rs. 30 pe share and the first call of Rs. 20 per share. The second and final call of Rs. 25 per share had not been made. The forfeited shares were reissued for Rs. 90 per share, Rs. 75 paid-up. Journalise the above.