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 :

Cronic Limited issued 10,000 equity shares of Rs. 10 each payable at Rs. 2.50 on application, Rs. 3 on allotment, Rs.2 on first call, and the balance of Rs. 2.50 on second and final call. All the shares were fully subscribed and paid except of a shareholder having 100 shares who could not pay for second and final call. Give journal entries to record these transactions.

Hema Ltd. invited applications for 10,000 shares of Rs. 100 each payable as follows: Rs. 20 on application, Rs. 30 on allotment, Rs. 20 on first call and the balance on final call. All the shares were applied and allotted. All the money was duly received. You are required to Journalise these transactions.

Shipra Limited invited applications for 80,000 shares of Rs. 10 each payable as follows : {:("Rs. 2.50 on Application","(on 2st May, 2015),"),("Rs. 2.50 on Allotment","(on 1st June, 2015),"),("Rs. 2 on First Call","(on 1st Nov., 2015), and"),("Rs. 3 on Second Call","(on 1st Feb., 2016)"):} All the shares were applied and allotted. Shankar, holding 600 shares paid the whole of the amount alongwith allotment. Pass Cash Book and Journal entries assuming that books are closed on 31 st March every year.

Rohit & Company issued 30,000 shares of Rs.10 each payable Rs.3 on application, Rs.3 on allotment and Rs.2 on first call after two months. All money due on allotment was received, but when the first call was made a shareholder having 400 shares did not pay the first call and a shareholder of 300 shares paid the money for the second and final call of Rs.2 which had not been made as yet. Give the necessary journal entries in the books of the company.

Chandra Ltd., issued 40,000 shares of Rs. 10 each payable as follows : {:("Rs. 2.50 on Application payable on","1st May, 2015"),("Rs. 2.50 on Allotment payable on","1st July, 2015"),("Rs. 2.00 on First Call payable on","1st Oct., 2015"),("Rs. 3.00 on Second Call payable on","1st Feb., 2016"):} All these shares were subscribed and amount received. Mohan who had 800 shares, paid the amount of first and second calls with allotment. Pass Journal entries 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 :

X LTd. offered 25,000 shares of Rs. 100 each payable as Rs. 25 on application, Rs. 20 on allotment, Rs. 30 on first call and the balance on final call. Applications were received for 40,000 shares out of which shares were allotted to the applicats for 35,000 shares on a pro-rata basis. All shareholders paid the allotment money excepting Mr. Gopal who was allotted 500 shares. These shares were forfeited immediately. The first call was made thereafter. The forfeited shares were re-issued @ Rs. 8 per share Rs. 75 paid up. The final call was not made. Prepare CAsh Book and pass journal entries.

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.