Chandra Ltd. Issued 15,000 Preference shares of Rs 100 each at a premium of `5%` Payments were to be made as - Rs 25 on Application, Rs 45 on Allotment and Rs 35 on First and Final Call.
The applications for 14,000 shares were received and all were accepted. All the money was duly received except the first and final call on 200 shares.
Give the necessary Journal Entries and prepare Cash Book of the Company.

X Ltd. issued 20,000, 7% Preference shares of Rs. 100 each at a premium of 6%. Payments were to be made as - Rs. 25 on Application, Rs. 46 on Allotment, Rs. 10 on First call and Rs. 25 on Final Call. The applications for 18,000 shares were received and all were accepted. All the money was duly recived except the first and final call on 100 shares. Give the necessary Journal Entries and prepare Cash Book of the Company. Also show the Share Capital in the Balance Sheet of the Company.

Shiva Ltd. issued 20,000 shares of Rs 10 each at a premium of 10% Payments were to be made as - on Application Rs 5 (inluding premium), on Allotment Rs 4 and on First and Final Call Rs 2. Applications were received for 18,000 shares and all were accepted. All money was duly received. Pass necessary entries in the Books of the Company.

Better Prospect Ltd. acquired land costing Rs. 1,00,000 and in payment allotted 1,000 Equity Shares of Rs. 100 each as fully paid. Further, the company issued 4,000 Equity Shares for subscription payable as follows: Rs. 30 on application, Rs. 30 on allotment, Rs. 40 on first and final call. Applications were received for all shares which were allotted. All the money was received except the call on 200 shares. Pass Journal entries and prepare Balance Sheet of the company.

Citizen Watches Ltd. invited applications for 50,000 shares of Rs. 10 each payable Rs. 3 on application, Rs. 4 on allotment and balance on first and final call. Applications were received for 60,000 shares. Applications were accepted for 50,000 shares and remaining applications were rejected. All calls were made and received except First and Final call on 500 shares. Pass the Journal entries in the books of Citizen Watches Ltd.

Eastern Company Limited issued 40,000 shares of Rs. 10 each to the public for the subscription out of its share capital, payable as Rs. 4 on application, Rs.3 on allotment and the balance on Ist and final call. Applications were received for 40,000 shares. The company made the allotment to applicants in full. All the amounts due on allotment and first and final call were duly received. Give the journal entries in the books of the company.

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.

Hindustan Ltd. issued 20,000 shares of Rs. 20 each at 20% premium. Amount was payable as follows : {:(,"Rs."),("On application",5),("On allotment",6),("On first call",7),("On second & final call",6):} Applications were received for 18,000 shares and all were accepted. All money was received except : (i) Vasundhra, holding 500 shares failed to pay allotment money and her shares were forfeited after allotment. (ii) Tapasya, holding 300 shares failed to pay first call money and her shares were forfeited after first call. (iii) Swarna, holding 400 shares failed to pay first and second call money and her shares were forfeited. All the forfeited shares were reissued at a discount of 10% as fully paid up. Pass the necessary journal entries in the books of Hindustan Ltd.

Accountancy Publication Ltd. issued 50,000 equity shares of Rs. 10 each at a premium of 10% payable as under : On Application Rs. 3, On Allotment Rs. 4 (Premium Rs. 1), On First Call Rs. 2, and On Final Call Rs. 2. The whole of the issue was called for by the company and all the money were duly received excepy the allotment and calls money on 500 shares. These shares were, therefore, forfeited and later on re-issued at Rs. 9 per share as fully paid. Pass the necessary journal to record the above transactions.

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.

Amrit Ltd. issued 50,000 shares of Rs. 10 each at a premium of Rs. 2 per share payable as Rs. 3 on application, Rs. 4 on allotment (including premium), Rs. 2 on first call and the remaining on second call. Applications were received for 75,000 shares and pro rata allotment was made to all the applicants. All moneys due were received except allotment and first call from Sonu who applied for 1,200 shares. All his shares were forfeited. The forfeited shares were reissued for Rs. 9,600. Final call was not made. Pass necessary Journal entries.