Amrit Dhara Ltd.' issued 800 Equity Shares of Rs. 100 each at a premium of 25% as fully paid-up in consideration of the purchase of plant and machinery of Rs. 1,00,000.
Pass entries in company's Journal.

( Issue of Shares at Premium, Fully Subscribed, Amount Payable in Lump Sum). Why Ltd. issued 20,000 Equity Shares of Rs. 10 each at a premium of Rs. 2 payable along with the application. All the shares were applied and duly allotted. Pass necessary Journal entries and also draw the Balance Sheet of the Company.

Shiva Ltd. issued 1,00,000 Equity Shares of Rs. 10 each at a permium of Rs. 5 per share. The whole amount was payable on application. The issue was fully subscribed . Pass necessary Journal entries.

King Ltd. took over assets of Rs 25,00,000 and liabilities of Rs 6,00,000 of Queen Ltd. King Ltd. Paid the purchase consideration by issuing 10,000 Equity Shares of Rs 100 each at a premium of 10% and Rs 11,00,000 by Bank Draft. Calculate purchase consideration and pass necessary Journal entries in the books of King Ltd.

(Forfeiture of Shares issued at Premium and Reissued at Discount). A Ltd. forfeited 600 Equity Shares of Rs. 10 each issued at a premium of 20% to Ram who had applied for 720 Equity Shares, for non-payment of allotment money of Rs. 5 per equity share (including premium) and the first and final call of Rs. 5 per equity share. Out of these, 200 Equity Shares were reissued to Shyam credited as fully paid for Rs. 9 per equity share. As per the terms of issue, company was to retain the excess application money to adjust against calls. Pass Journal entries to record forfeiture and reissue of shares.

Akshit Ltd. purchased machinery of Rs. 4,30,000 from Perfect Machines Ltd. and paid as follows: (a) Issued 10,000 Equity shares of Rs. 10 each at a premium of Rs. 3, (b) Issued an acceptance of Rs. 1,00,000 payable after 3 months, and (c) Balance by issuing post-dated cheque of two months of Rs. 2,00,000. Pass the Journal entries in the books of Akshit Ltd. and Perfect Machines Ltd.

Sona Ltd. purchased machinery costing Rs. 17,00,000 from Mona Ltd. Sona Ltd. paid 20% of the amount by cheque and for the balance amount issued equity shares of Rs. 100 each at a premium of 25%. Pass necessary Journal Entries for the above transactions in the books of Sona Ltd. Show your working notes clearly.

Sona Ltd. purchased machinery costing Rs. 17,00,000 from Mona Ltd. Sona Ltd. Paid 20% of the amount by cheque and for the balance amount issued Equity Shares of Rs. 100 each at a premium of 25%. Pass necessary Journal entries for the above transactions in the books of Sona Ltd. Show your working notes clearly .