[" The UTRA TION 28."],[" A Lid.makes a issue of "10,000" cquity shares "],[" Omapplication and allotment "],[" On firsk call "],[" On secund & Final call "]

A Ltd., makes an issue of 10,000 equity shares of Rs. 100 each, payable as follows : {:("On application and allotment","Rs. 50"),("On first call","Rs. 25"),("On second & Final call","Rs. 25"):} Members holding 400 shares did not pay the second call and the shares are duly forfeited, 300 of which are re-issued as fully paid at Rs. 80 per share. Pass Journal entries and prepare Share Capital and Forfeited Share Account in the books of the Company.

Super Star Ltd. makes an issue of 10,000 Equity Shares of Rs. 100 each, payable as: {:("On application and allotment"," Rs. 50 per share,"),("On first call"," Rs. 25 per share,"),("On second and final call"," Rs. 25 per share."),(,):} Members holding 400 shares did not pay the second and final call and the shares are duly forfeited, 200 of which are reissued as fully paid-up @ Rs. 50 per share. Pass Journal entries in the books of the company.

(Calls-in-Arrears and Calls paid in Advance both). The Kerala Coir Milks Ltd., with an authorised capital of 5,00,000 Equity Shares of Rs. 10 each, issued 2,00,000 Equity Shares, payable Rs. On application, Rs. 2 on allotment, Rs. 3 on first call and Rs. 2 on second and final call. The amount due on allotment was received. On the first call being made, one shareholder holding 6,000 Equity Shares paid second and final call along with the first call while five shareholders with a total holding of 10,000 Equity Shares did not pay the first call on their Equity Shares. Company has not demanded the second and final call. Pass Journal entries to record the transactions and draw up the company's Balance Sheet.

Ben Tech Ltd. company had an authorised capital of Rs. 12,50,000 divided into 12,500 shares of Rs. 100 each. The company issued 10,000 shares payable as Rs. 25 on application, Rs. 25 on allotment, Rs. 30 on first call and Rs. 20 on second and final call. All the shares were subscribed. The Directors made allotment and the money was duly received except the second and final call on 500 shares, which is transferred to Call-in-Arrears Account. Pass Journal entries, prepare Share Capital Account and show how share capital will appear in the Balance Sheet.

Nav Lakshmi Ltd. issued a prospectus inviting applications for 50,000 shares of Rs. 10 each. These shares were issued at par on the following terms : On applications Rs. 3, on allotment Rs. 4, on first call Rs. 2 and on final call the balance. Applications were received for 60,000 shares. Allotments were made on the following basis : (i) To applicants for 10,000 shares - in full, (ii) To applicants for 20,000 shares - 15,000 shares, (iii) To applicants for 30,000 shares - 25,000 shares. All excess amount paid on application is to be adjusted against amount due on allotment. The shares were fully called and paid except the amount of allotment, first and final call not paid by those who applied for 2,000 shares of the group applying for 20,000 shares. All the shares on which calls were not paid were forfeited by the Board of Directors. 1,000 forfeited shares were re-issued as fully paid on receipt of Rs. 8 per share. Show the journal entries in the books of Nav Lakshmi Ltd.

A company issued 4,000 equity shares of Rs. 10 each at par payable as under : On application Rs. 3, on allotment Rs. 2, on first call Rs. 4 and on final call Rs. 1 per share. Applications were recived for 10,000 shares. Allotment was made pro-rata. How much amount will be recived in cash on allotment ?

(Forfeiture of Shares Allotted on Pro rata). A company issued 10,000 shares of Rs.10 each payable as Rs. 2 on application, Rs. 3 on allotment, Rs. 3 on first call and Rs. 2 on second and final call. Applications were received for 15,000 shares. The shares were allotted on a pro rata basis to the applicants of 12,000 shares. All shareholders paid the allotment money except one shareholder who was allotted 200 shares. These shares were forfeited. The first call was made thereafter. The forfeited shares were reissued @ Rs. 9 per share as Rs. 8 paid-up after first call. The second and final call was not yet made. You are required to prepare Cash Book and pass Journal entries.

Bliss Products Ltd. registered with capital of ₹ 90,00,000 divided into 90,000 equity shares of ₹ 100 each. The company issued prospectus inviting applications for 50,000 equity shares of ₹ 100 each payable as ₹ 20 on application, ₹ 30 on allotment, ₹ 20 on first call and balance on second call. Applications were received for ₹40,000 shares. Raman to whom 1600 shares were allotted failed to pay final call money and these shares were forfeited. Of the forfeited shares, 600 shares were reissued to Sukhman, credited as fully paid for ₹ 90 per share. Present the Share Capital as per Schedule III of Companies Act, 2013