2,000 Equity Shares of Rs. 10 each were issued to X Limited from whom assets of Rs. 25,000 were acquired. Pass Journal entry.

(Calculation of Gain on reissue when only a Part of Shares Forfeited are reissued). Alok Ltd. forfeited 300 Equity Shares of Rs. 10 each, fully called-up, held by Ram for non-payment of allotment money of Rs. 3 per equity share and first and final call money of Rs. 4 per equity share. Out of these, 250 shares were reissued to Shyam for a total payment of Rs. 2,000. Pass Journal entries for forfeiture and reissue.

Sukanya Ltd. invited applications for issuing 1,00,000 equity shares of Rs. 10 each. The shares were issued at a premium of Rs. 20 per share. The amount was payable as follows: {:("On Application and Allotment",-,"Rs. 14 per share (including premium of Rs. 10),"),("On First Call",-,"Rs. 8 per share (including premium of Rs. 5),"),("On Final Call",-,"Rs. 8 per share (including premium of Rs. 5)."):} Application for 96,000 shares were received. Rohit, a shareholder holding 7,000 shares, failed to pay both the calls and Namit, a holder of 5,000 shares, did not pay the final call. Shares of Rohit and Namit were forfeited . Of the forfeited shares, 8,000 shares including all the shares of Rohit were reissued to Reena at Rs. 8 per share fully paid-up. Pass necessary Journal entries fot the above transactions in the books of Sukanya Ltd.

(Forfeiture of Shares which were Issued at Par). Airdrop Ltd. issued 1,00,000 Equity Shares of Rs. 10 each on the following terms: Rs. 3 payable on application, Rs. 4 on allotment, the balance as and when required. Applications were received for 1,40,000 Equity Shares. Allotment was made as under: 80,000 applications were given 80,000 Equity Shares, 50,000 applications were given 20,000 Equity Shares, and 10,000 applications were not allotted any share. A shareholder who applied for 1,000 Equity Shares and was given 1,000 shares failed to pay the allotment money. His shares were forfeited. Pass Journal entries to record the above transactions.

Pass Journal entries in the following cases: M Ltd. forfeited 200 Equity Shares of Rs. 10 each, issued at a premium of Rs. 5 per share, held by Ram for non-payment of the final call of Rs. 3 per share. Of these, 100 shares were reissued to Vishu at a discount of Rs. 4 per share.

Z Ltd. was registered with an authorised capital of Rs. 60,00,000 divided in 60,000 equity shares of Rs. 100 each. Company issued 25,000 equity shares at a premium of Rs. 20 per share, payable as follows : Rs. 30 on Application, Rs. 45 on Allotment (including premium), Rs. 20 on first call and Rs. 25 on Second and Final Call. All shares were subscribed and all the money was duly recived. Share issue expanses amounted to Rs. 40,000 which were fully written off against Securities Premium. Prepare necessary Journal Entries and Bank Account in the books of the Company.

Moneyplus company issued 2,50,000 Equity Shares of Rs. 10 each to public. All amounts have been received in lump sum. Pass necessary Journal entries in the books of the company.

Give Journal entries to record the following transactions of forteiture and re-issue of shares and open share forfeited account : L Ltd. Forfeited 470 Equity Shares of Rs. 10 each issued at a premium of Rs. 5 per share for non-payment of allotment money of Rs. 8 per share (including share premium Rs. 5 per share) and the first and final call of Rs. 5 per share. Out of these 60 Equity Shares were subsequently re-issued at Rs. 14 per share.

(Forfeiture of Shares Issued at Premium, Reissued at Discount). ABC Ltd. forfeited 150 Equity Shares of Rs. 10 each issued at a premium of Rs. 5 per share, for non-payment of allotment money of Rs. 8 per share (including premium of Rs. 5 per share), the first call of Rs. 2 per share and the final call of Rs. 3 per share. Out of these, 100 Equity Shares were reissued at Rs. 14 per share. Give Journal entries the forfeiture and reissue of shares.

(Oversubscription of Shares and Call-in-Arrears). Alfa Co. Ltd. issued 50,000 Equity Shares of Rs. 10 each at a premium of Rs. 2 per share payable as follows: Rs. 3 on application, Rs. 4 on allotment (including premium), Rs. 2 on first call and Rs. 3 on final call. Applications were received for 65,000 Equity Shares. Applications for 40,000 Equity Shares were accepted in full, 10,000 Equity shares were allotted to applicants of 20,000 Equity Shares and applications for 5,000 Equity Shares were rejected. The amounts due were duly received except the first call on 1,000 Equity Shares and final call on 1,500 Equity Shares. Pass entries in the Cash Book and Journal of the Company. Also, show Share Capital in the Balance Sheet.

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.