Prayuj Ltd. forfeited 2,000 shares of Rs. 10 each, fully called up, on which they had received only Rs. 14,000.50 of the forfeited shares were reissued for RS. 9 per share fully paid up. Pass necessary journal entries for foreiture and re-issue of shares. Also prepare share forfeited account.

Cemto Ltd. Forfeited 6,000 shares of Rs. 10 each issued at a premium of Rs. 2 per share for the non-payment of final call of Rs. 3 per share. 300 of the forfeited shares were reissued for Rs. 8 per share as fully paid up. Pass necessary journal entries for the forfeiture and re-issue of shares. Also prepare share forfeited account.

The directors of a company forfeited 1,000 equity shares of Rs. 10 each (fully called) on which Rs. 4,00 had been paid. 400 of these shares were re-issued upon payment of Rs. 3,000. Journalise the transactions of forfeiture and re-issue of shares.

JCV Ltd., forfeited 200 shares of Rs. 10 each issued at a premium of Rs. 2 per share for the non-payment of allotment money of Rs. 3 per share (including premium). The first and final call of Rs. 4 per share has not been made as yet. 50% of the forfeited shares were reissued at Rs. 8 per share as fully paid-up. Pass necessary Journal entries for the forfeiture and reissue of shares.

(a) Ravi Ltd., forfeited 800 shares of Rs. 10 each, Rs. 7.50 paid, for non-payment of Final Call of Rs. 2.50 per share. Out of these, 600 shares were re-issued as fully paid up in such a way that Rs. 2,100 were transferred to capital reserve. Pass necessary journal entries. (b) X Ltd., forfeited 800 shares of Rs. 10 each, Rs. 7.50 called-up, for non-payment of First Call of Rs. 2.50 per share. Out of these, 600 shares were re-issued for Rs. 6 per share as Rs. 7.50 paid up. Pass necessary journal entries. (c ) 400 shares of Rs. 10, on which Rs. 8 has been called and Rs. 6 has been paid, are forfeited. Out of these, 300 are re-issued for Rs. 7 as fully paid. Pass necessary journal entries.

(A) Virender Limited forfeited 400 shares of Rs. 100 each (Rs. 60 called-up) issued at par to Mukesh on which he paid Rs. 25 per share. Out of these, 300 shares were re-issued to Sanjeev as Rs. 60 paid-up for Rs. 45 per share. Pass entries for forfeiture and re-issue of share. (B) The Directors of Devendra Ltd. resolved on 1st April, 2016 that 1,000 equity shares of Rs. 10 each, Rs. 8 per share called-up be forfeited for non-payment of first call of Rs. 2 per share. On 1st May, 2016, 600 of these shares were re-issued at Rs. 7 per share fully paid-up. Pass entries for forfeiture and re-issued of shares.

Y Ltd. forfeited 400 shares of Rs. 10 each, Rs. 7 called up, for non-payment of first call of Rs. 2 per share. Out of there, 300 shares were reissued for Rs. 6 per share as Rs. 7 paid up. What is the amount to be transferred to Capital Reserve Account ?