Vikram Ltd. issued 50,000 shares of Rs. 10 each at a premium of Rs. 1 per share payable as follows :
Rs. 3 on Application
Rs. 4 on Allotment (including premium)
Rs. 2 on Ist Call
Balance when required
Applications were received for 46,000 shares and all of these were accepted. Directors did not make the final call. The shares were forfeited and re-issued at Rs. 7 per share, Rs. 8 per share paid. Pass Cash at Bank and Journal Entries.

Kanpur Gas Ltd. issued 40,000 equity shares of Rs. 10 each at a premium of Rs. 1 per share. Amount were payable as follows : Rs. 2.50 on Application , Rs. 4.50 on Allotment (including premium), Rs. 2 on First Call and Rs. 2 on Final Call. Applications were received for 37,000 shares. Give Journal Entries assuming that all sums have been received on due dates.

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.

(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.

S Ltd. issued 5,000 shares of Rs. 100 each at a premium of Rs. 10 each payable as follows : {:("On Application","Rs. 30"),("On Allotment","Rs. 40 (including premium)"),("On First & Final Call","Rs. 40"):} All the shares were applied for the instalments received on due dates with the exception of the Allotment and First & Final Call on 100 shares, these shares were forefited and re-issued as fully paid @ Rs. 105 per share. Pass necessary Journal Entries in the books of the Company.

The Delhi Cloth Mills Ltd. invited applications for 10,000 Shares of Rs. 100 each at a premium of Rs. 10 each payable as below : Rs. 50 on Application, Rs. 35 on Allotment (including premium), and Rs. 25 on Call. Applications for 15,000 shares were received. Applicants for 2,500 shares did not get any allotment and their money returned. Allotment was made pro-rata to the remaining applicants. Mr. A was allotted 400 shares. He failed to pay the amount due on allotment and call money. The company forfeited his shares and subsequently re-issued at Rs. 105 per share. Show the journal entries in the books of the company.

On 1st April, 2019, Sangita Ltd. issued 30,000 Equity Shares of Rs. 10 each at a premium of Rs. 4 per share, payable as follows: Rs. 6 on application (including Rs. 1 premium), Rs. 2 on allotment (including Rs. 1 premium), Rs. 3 on first call (including Rs. 1 premium ), and Rs. 3 on second and final call (including Rs. 1 premium). Applications were received for 45,000 shares, of which applications for 9,000 shares were rejected and their money was refunded. Rest of the applicants were issued shares on pro rata basis and their excess money was adjusted towards allotment. Hari, to whom 600 shares were allotted, failed to pay the allotment money and his shares were forfeited after allotment. Mohan, who applied for 1,080 shares failed to pay the two calls and on his such failure, his shares were forfeited. 1,200 forfeited shares were reissued as fully paid-up on receipt of Rs. 9 per share, the whole of Mohan's shares being included. Prepare Cash Book and pass necessary Journal entries. Also, show share capital in the Balance Sheet of the company.