Atleast how much portion of the nominal amount of s share must be called as application money ?

Slow & Steady Ltd. invited applications for 10,000 Equity Shares of Rs. 10 each for public subscription. The amount of these shares was payable as: On application Rs. 1 per share, on allotment Rs. 2 per share, on first call Rs. 3 per share and on second and final call Rs. 4 per share. All sums payable on application, allotment and call were duly received with the following exceptions: (i) A, who held 200 shares, failed to pay the money on allotment and calls. (ii) B, to whom 150 shares were allotted , failed to pay the money on first call and final call. (iii) C, who held 50 shares, did not pay the amount of second and final call. The shares of A , B and C were forfeited and were subsequently reissued for cash as fully paid-up at a discount of 5%. Pass necessary Journal entries to record these transactions in the books of X Ltd.

A company issued 4,000 equity shares of Rs. 10 each at par payable as under : On application Rs. 3, on allotment Rs. 2, on first call Rs. 4 and on final call Rs. 1 per share. Applications were recived for 13,000 shares. Applications for 3,000 shares were rejected and pro-rata allotment was made to the applicants for 10,000 shares. How much amount will be recieved in cash on first call ? Excess application money is adjusted towards amount due on allotment and calls.

X Ltd. issued for Public subscription 40,000 equity shares of Rs. 10 each at a premium of Rs. 2 per share payable as under, on application Rs. 4 per share, on allotment Rs. 5 per share (including premium) and on call Rs. 3 per share. Applications were received for 60,000 shares. Allotment was made pro-rata to the applicants for 48,000 shares, the remaning applications being refused. Money overpaid on application was utilised towards sums due on allotment. Shri Manoj, to whom 1,500 shares were allotted, failed to pay the allotment and call money and Shri Hussain to whom 2,000 shares were allotted failed to pay the call money. These shres were subsequently forfeited. All the forfeited shares were sold to Shri Banerjee as fully paid up at Rs. 8 per share. show the journal entries to record the above transactions.

Z Ltd. was registered with an authorised capital of Rs. 10,00,000 divided into 10,000 shares of Rs. 100 each. The Company offered 5,000 of these shares to the public, which were payable Rs. 25 per share on application, Rs. 50 per share on allotment and the balance three months later. Applications for 7,100 shares were received on which the directors allotted as follows : {:("Applications for 4,000 Shares","Full"),("Applications for 3,000 Shares","1,000"),("Applications for 100 Shares","Nil"):} Rs. 1,85,000 was realised on account of allotment money (excluding the amount carried from application money) and Rs. 1,15,000 on account of call. The Directors decided to forfeit those shares on which allotment money was overdue. Show the entries in the company's books.

Alfa Limited invited applications for 4,00,000 of its equity shares of Rs. 10 each on the following terms : {:("Payable on application","Rs. 5 per share"),("Payable on allotment","Rs. 3 per share"),("Payable on first and final call","Rs. 2 per share"):} Applications for 5,00,000 shares were received. It was decided : (a) to refuse allotment to the applicants for 20,000 shares, (b) to allot in full to applicants for 80,000 shares, (c ) to allot the balance of hte available shares pro-rata among the other applicants, and (d) to utilise excess application money in part as payment of allotment money. One applicant whom shares had been allotted on pro-rata basis, did not pay the amount due on allotment and on the call, and his 400 shares were forfeited. The shares were reissued @ Rs. 9 per share. Show the journl and cash book entries necessary to record the foregoing data.

Janta Papers Limited invited applications for 1,00,000 equity shares of Rs.25 each payable as under: {:("On Application",,Rs. 5.00 " per share"),("On Allotment",,Rs. 7.50 " per share"),("On First Call",,Rs. 7.50 " per share"),(("due two months after allotment"),,),("On Second and Final Call",,Rs. 5.00 " per share"),(("due two months after First Call"),,):} Applications were received for 4,00,000 shares on January 01, 2017 and allotment was made on February 01, 2017. Record journal entries in the books of the company to record these share capital transactions under each of the following circumstances: 1 The directors decide to allot 1,00,000 shares in full to selected applicants and the applications for the remaining 3,00,000 shares were rejected outright. 2.The directors decide to make a pro-rata allotment of 25 per cent of the shares applied for to every applicant, to apply the balance of application money towards amount due on allotment, and to refund the amount remaining thereafter. 3. The directors totally reject applications for 2,00,000 shares, accept full application for 80,000 shares and make a pro-rata allotment of the 20,000 shares to remaining applicants and the excess application money is to be adjusted towards allotment and calls to be made.

Arti Ltd. offered for subscription 20,000 shares of Rs. 10 each payable Rs. 3 on application, Rs. 5 on allotment and balance on first and final call. Applications were received for 30,000 shares. Letters of regret were issued to applicants for 5,000 shares and their application money was refunded. Application money for other 5,000 shares was applied towards the payment for allotment money . The balance of allotment money was also received in due time. Company didn't make first and final call. You are to prepare the Journal, Cash Book, Ledger Accounts and show 'Share Capital' in the Balance Sheet of the company .

Crysta Hospitality Ltd. invited applications for 1,00,000 equity shares of Rs. 50 each payable as under: {:("On Application",,"Rs.10 per share,",),("On Allotment",,"Rs. 15 per share,",),("On First Call (due two months after allotment)",,"Rs. 15 per share,",),("On Second and Final Call (due two months after First Call)",,"Rs. 10 per share.",):} Applications were received for 4,00,000 shares on 1st January, 2019 and allotment was made on 1st February , 2019. Pass Journal entries for issue of shares under each of the following cases: (a) Allotted 1,00,000 shares in full to selected applicants and the applications for the remaining 3,00,000 shares were rejected. (b) Pro rata allotment of 25 25 per cent of the shares applied to every applicant, to apply the balance of application money towards amount due on allotment, and to refund the balance amount. (c) Reject applications for 2,00,000 shares, accept full applications for 80,000 shares and make a pro rata allotment of 20,000 shares to remaining application money to be adjusted towards allotment and calls .