(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.

Journalise the following : (i) A Ltd. forfeited 1,000 shares of Rs. 10 each, Rs. 8 paid, for non-payment of final call of Rs. 2 per share. Out of these, 400 shares were re-issued as fully paid-up in such a way that Rs. 2,000 were transferred to capital reserve. (ii) B Ltd. forfeited 1,000 shares of Rs. 10 each, Rs. 8 called-up, for non-payment of Allotment of Rs. 2.50 per share and first call of Rs. 3 per share. Out of these, 400 shares were re-issued for Rs. 7 per share as Rs. 8 paid-up. (iii) C Ltd. forfeited 300 shares of Rs. 10 each on which Rs. 7 has been called and Rs. 5 has been paid. Out of these, 100 shares are re-issued for Rs. 6 share as Rs. 7 paid-up.

B Ltd. forfrited 300 shares of Rs. 100 each, Rs. 70 called up, for non-payment of first call of Rs. 20 per share. Out of these, 200 shares were reissued for Rs. 60 per share as Rs. 70 paid up. What is the amount to be transferred to Capital Reserve Account ?

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 ?

A Ltd. forfeited 800 shares of Rs. 10 each issued at 20% premium (to be paid at the time of allotment) for non-payment of a final call of Rs. 2 per share. Out of these, 600 shares were re-issued as fully paid-up for Rs. 13 per share. Journalise.

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.

X Ltd. forfeited 800 shares of Rs. 20 each issued at a premium of Rs. 2 per share to Mahesh (Rs. 18 called-up) on which he did not pay first call of Rs. 4. Of these, 300 shares were re-issued @ Rs. 15 per share as Rs. 18 paid-up. Journalise.

Pass journal entries for the Forfeiture and Re-issue in the following cases : (a) X Ltd. forfeited 200 shares of Ravi of Rs. 10 each Rs. 8 called up, on which he had paid application and allotment money of Rs. 3 per share. Out of these, 100 shares were re-issued as fully paid up for Rs. 8 per share. (b) Y Ltd. forfeited 300 shares of Rs. 10 each, Rs. 7 called up, for non-payment of First Call of Rs. 2 per share. Out of these, 100 shares were immediately re-issued at Rs. 6 per share. (c ) Z Ltd. forfeited 600 shares of Rs. 10 each, on which first call of Rs. 3 per share was not received, the second and final call of Rs. 2 per share has not yet been called. Out of these, 200 shares were re-issued as Rs. 8 paid for Rs. 7 per share.

The Directors of M Ltd. resolved on 1st May, 2015 that 2,000 Equity Shares of Rs. 10 each, Rs. 7.50 paid be forfeited for non-payment of final call of Rs. 2.50 . On 10th June, 2015, 1,800 of these shares were reissued for Rs. 6 per share. Give necessary Journal entries.

X Ltd. forfeited 400 shares of Rs. 20 each Rs. 15 called up on which application and allotment money of Rs. 11 per share has been received. Of these, 100 shares were re-issued as fully paid-up for Rs. 24 per share. What is the amount to be transferred to Capital Reserve ?