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 :

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.

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.

Sun Pharma Ltd. is registered with an authorized capital of Rs. 1,00,00,000 divided into 1,00,000 equity shares of Rs. 100 each. The company issued 50,000 shares at a premium of Rs. 40 per share. A shareholder holding 500 shares did not pay the final call of Rs. 20 share. A shareholder holding 500 shares did not pay the final call of Rs. 20 per share. His shares were forfeited. Present the 'Share Capital in the Balance Sheet of the Company as per Schedule III Part I of the Companies Act, 2013. Also prepare notes to accounts.

Metacaf Ltd. issued 50,000 shares of Rs. 100 each payable Rs. 20 on application (on 1st May 2012), Rs. 30 on allotment (on 1st January 2013) , Rs. 20 on first call (on 1st July 2013) and the balance on final call (on 1st February 2014). Shankar, a shareholder holding 5,000 shares did not pay the first call on the due date. The second call was made ans Shankar paid the first call amount along with the second call. All sums due were received. Total amount received on 1st February was :

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.

During the year 2014-15, ABC Ltd., issued 10,000 Equity Shares of Rs. 50 each at Rs. 55 per share, payable as follows : {:("On Application","Rs. 15"),("On Allotment","Rs. 120 (including premium Rs. 5)"),("On 1st and Final Call","Rs. 20"):} All the issued shares were subscribed for by the public. On shareholder holding 500 shares did not pay the amount due on allotment and his shares were immediately forfeited. Another shareholder holding 100 shares paid the amount of the 1st and Final Call with allotment. After the company had made the 1st and Final Call, 200 of the forfeited shares were reissued as fully called up at Rs. 45 per share. The share issue expenses were Rs. 7,000 which were written off at the end of he year. You are required to pass journal entries in the books of the company for the year ending 31st March, 2015. Also prepare the Opening Balance Sheet.

On 28-2-2016 the first call of Rs. 2 per share became due on 50,000 equity shares allotted by Kumar Ltd. Komal, a holder of 1,000 shares, did not pay the first cal money. Kovil, a holder of 750 shares, paid the second and final call of Rs. 4 pershare alongwith the first call. Pass necessary Journal entry for the amount received by opening call-in-arrear and calls-in-advance accounts in the books of the company.